SHOULD I GET AN LLC??

[Maria Luna]

Hello everyone!!

Needing some advice from LLC owners. I currently own two SFH that are rented. I'm in the process of selling one right now and keeping the other one. The house I'm keeping is rented and it's worth about $250,000. I owe $52,000 on it, and should have it paid off in two years. I plan on buying two more rental properties by the end of this year and I'll be paying cash for them. So my question is, should I get an LLC now? I feel like I should since my properties are going to be paid off, but would like to hear from the investors who already have LLC'S. What's the best way to get the most protection, things I need to be aware off before forming an LLC. Meeting up with my real state lawyer in two weeks to see about forming my LLC.

[Terrell Garren]

20 SFHs, 1 LLC, 1 umbrella policy, 1 checking account, 1 spreadsheet, 1 laptop, 1 mobile phone, 1 pickup truck, and Cozy. Life is good.