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Updated almost 10 years ago,

Salil Prasad's profile image
Salil Prasad's profile image
Salil Prasad
  • from San Ramon, California
  • Member since Jan 5, 2015
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Salil Prasad's profile image
Salil Prasad's profile image
Salil Prasad
  • from San Ramon, California
  • Member since Jan 5, 2015
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Salil Prasad
  • San Ramon, CA
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9
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General Landlording & Rental Properties

Forming LLC for Rental property

Salil Prasad
  • San Ramon, CA
Posted

I have one rental property with passive losses. I do not have any other real estatement investment property but do I plan to invest in REIT and tax liens in future. Does it make sense to convert my rental into LLC or only when I have more than one rental property? Are there typically any tax advantages in doing so or is it primarily for asset protection?

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