LLC and CPA needed?

[Mike Kratz]

I am somewhat new to real estate investing but have plans to purchase 2 more properties over the next 6 months.

I currently have 2 rentals and I am about refinance them to get $ out to fund the next 2.

With that said...my wife and I are on the notes and I have not created any type of LLC and have completed my own taxes.

I think the answer is yes I should create an LLC and start seeing a CPA but, why other than the liability protection. How does that differ from insurance on the properties?

What else goes into this decision?

[Matthew McNeil]

If you decide to go the LLC option for Asset Protection then you need to transfer everything into the name of the LLC; bank account, lease agreements, insurance (put your name as "additionally insured"), county tax records (done by Quitclaim), etc. Nothing can be in your name, and you sign everything including checks as; your name, managing member, XYZ LLC.