house hacking under an LLC?

[Nick Mazzarese]

hello BP,

I am preparing to purchase my first investment property which I plan on living In one of the units and renting out the others.  Something along the lines of a duplex/tri-plex is what I am leaning towards.  

I was was wondering if there were any benefits to purchasing this property under a business name/LLC knowing that I would like to purchase more rental properties in the future? Also, I recently wholesaled my first property so this has also got me thinking about creating an LLC or other type of business entity.

Can someone educate me on when / when not to create a business entity and what the benefits might be?