When is the right time to have an LLC

[Sukhwant Kaur]

Hello,

I started my real estate investing in 2013 with my husband. Now we have 1 condo and 2 4plexes. My husband and I have a full time job and we do real estate investing part - time. We save and buy properties for long term hold. I am wondering if it's time for us to create an LLC and buy properties under the LLC instead of our trust. We don't have any immediate plans to leave our jobs as we love what we do and make 6 figure salary which means we can keep adding more properties to our portfolio with time.

Does anyone have any suggestions on the best course of action for opening an LLC? Should we just open a bank account, register an LLC and get a credit card so that the LLC can have some credit history? Can we take all the rent checks for the existing propertied on the LLC name and put it in the LLC bank account? Is there anything that we should keep in mind?

Thanks for your time.

Sukhwant