General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Properties in LLC vs no LLC benefits
Hello
Has anyone used an LLC for to hold their rental houses? How many houses do you need really for the LLC to benefit you?
I have noticed that LLCs do have some fees to set up...etc.
When does an LLC really benefit one? What's the scenario? Flipping? Renting out or other?
Most Popular Reply

@Joe Sz we have 8 units in our llc at the moment. There is alot of up side with taxes as well.
Down side, at least here in Indianapolis. If you go through an eviction, and you dont have a lawyer. The courts cap the total amount you can get from your tenant at 1500 bucks. This is not the fact if it's in your personal name.