Value in an LLC to buy notes for myself?

[Ann Howell]

Hi all - I am interested in buying a notes for myself with my own money in order to hold them for cash flow.  I will likely start with first lien, performing notes.  Over time, I might tackle non-performing firsts or seconds.  I would use a servicer for the notes.

Should I form an LLC for this business? Is there any benefit to doing it through an LLC versus holding notes in my personal name?

[Bob Malecki]

Yes definitely create an entity like a LLC for all of the reasons listed above, plus most note brokers and funds will not sell to an individual.

Bob