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Updated over 3 years ago on . Most recent reply
Is an LLC the best option?
In the majority of possible investment scenarios, an LLC is the best option for rental property owners. How many of you transferred your properties to an LLC? 🤔
- Chris Mullinax
Most Popular Reply
Benjamin Aaker
Professional Services
Pro Member
- Rental Property Investor
- Brandon, SD
- 1,031
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I have used an LLC for all but one of my properties. I like the liability protection that comes from separating out the businesses. If one takes a loss, it shouldn't spill over on to the other ones. There is also the benefit of having an extra layer of anonymity that comes from having the LLC own your properties. This will probably vary state to state. I have transferred my first property from personal to an LLC. It cost about $800 with an attorney.