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Updated about 5 years ago on . Most recent reply
Buy property in personal name or LLC?
I have recently set up and LLC and am going to be buying 2-3 rentals withing the next 6 months. I currently have none as I have sold the single duplex I had. I am wondering what, if any drawback would be of buying the property in my LLC? I know the benefits but was unsure of any potential downside.
Most Popular Reply
Thank you everyone. Good point @Russell Brazil. I had read this before but it had skipped my mind. @Account Closed That is one thing I was unsure of is the insurance policies and what they would cost for an LLC vs private investor. I'm thinking I will put the properties in my name for now and see about transferring in the future. I put in an offer on one today and will put an offer on another tomorrow. Wish me luck :)