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Updated over 2 years ago,
When Is The Best Time To Start an LLC?
Hello,
I've recently purchased my first property as an owner occupied but I'm looking to really scale my portfolio. I would like to begin a BRRRR no later than April 2023 once I've saved enough again.
My question is when should I get my LLC, now or later? Also, should I purchase this next property using my personal profile or use the LLC? I've briefly heard of transferring the property over to an LLC after purchasing under yourself as well. I'm just now beginning to look into LLCs and how they could benefit me so looking for some good advice on this topic!