Buying vacation home / STR should I bother with an LLC?

[Steve Puglisi]

Buying a beach vacation property that will be used as an STR for about 48 weeks out of the year, should I place this property in an LLC?

I will have significant equity in the property with only about 30% of the purchase price holding a mortgage note via family. My plan is to start with a property management company (PMI) and go from there.

Attorney is saying buy it via an LLC but I am concerned I may be over complicating things. Any thoughts?

I tried searching this topic in the forums as I'm sure its been asked but can't figure out how to isolate "STR & LLC".

Thanks!

[Bryan Vukelich]

Hi Steve - congrats on your new investment. I recommend you follow your attorney's advice and hold it in an LLC. My recommendation is based on personal experience, and advice I have received from attorneys & accountants as well as other investors over the years.

And it is very easy to form an LLC so not making the process much more complicated.

Best of luck