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6
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5
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Aaron Wilkins
  • Washington DC area
5
Votes |
6
Posts

Best way to become landlord without an LLC

Aaron Wilkins
  • Washington DC area
Posted

I don't want to get stuck in the need to start X before I really get things moving. Curious to whom became a landlord without an LLC. I have a plan working with a friend who owns an insurance company to guide me on a solid policy that protects me with errors and omissions, legit insurance business owner whom I've had car insurance with at one time and introduced me to the CPA I've been using for a little under a decade.

My plan is as follows:

Keep stuff in my name so I have more lending options and better rates, including credit unions. 

Have iron clad insurance for myself as a landlord.

Move my top assets like my home and paid off cars out of my name into a trust to further protect me.

Anyone see a glaring hole in this plan? Something I missed? 

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