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Updated almost 7 years ago on . Most recent reply

User Stats

65
Posts
76
Votes
Sterling Chapman
  • Rental Property Investor
  • Baton Rouge, LA
76
Votes |
65
Posts

Should I create an LLC for managing my properties

Sterling Chapman
  • Rental Property Investor
  • Baton Rouge, LA
Posted
I am about to buy two single family houses as rentals on residential 30 yr fixed mortgages so I can’t put them into an LLC. I plan on managing them myself and a friend recommended If I couldn’t own them in an LLC that I should start an LLC to manage them with. What would be the pros and cons of this? Also I am looking forward to using the income from these properties to improve my debt to income so I can borrow more to buy more properties next year or the year after, how might this be affected by starting an LLC to manage my properties?

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