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Updated about 5 years ago on . Most recent reply

Spencer Heafner's profile image
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Spencer Heafner
  • from Godfrey, IL
  • Member since Feb 9, 2020
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Spencer Heafner
  • from Godfrey, IL
  • Member since Feb 9, 2020
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Spencer Heafner
  • Godfrey, IL
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Would you use multiple LLC's for different rental properties?

Spencer Heafner
  • Godfrey, IL
Posted

I live in Illinois and I haven't bought any investment property yet but hopping to very soon and have lots to learn at this point! My question is when buying a property for a rental, do I need to buy an LLC to help protect myself? And would I need to get an LLC for each different rental property?

Thanks for any information!

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Spencer Heafner
  • from Godfrey, IL
  • Member since Feb 9, 2020
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  • from Godfrey, IL
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  • Godfrey, IL
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Spencer Heafner
  • Godfrey, IL
Replied

@George Skidis

Great information! Thank you for replying!

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