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Updated over 3 years ago,
Buying small multi-family in LLC vs own name
Hi, I am sure there are lots of posts on this but it seems I am always getting conflicting opinions. It is so much easier to finance in my own name vs LLC. What are the best ways to protect yourself from liability? Do you really need to purchase in a LLC or are there other avenues that get you as much protection (eg umbrella insurance, trusts) if you purchase in own name and then protect after? I just went under contract on my second small multi- family. I have always purchased in my own name in the past but trying to do things better moving forward. Thanks in advance!!