All Forum Posts by: K Johnson

The LL in LLC stand for Limited Liability. Liability in the case of RE means getting sued by a renter. If something happens and you end up losing a lawsuit, the most they can take from you is whatever's in the LLC at the time.

That makes sense. Thank you for your feedback.

0 Votes

Miami, Florida

Hello everyone. I'm very excited about starting my real estate journey.

I've been told to apply for an LLC to protect my rental home. I live in Florida, so I won't pay any sales tax. What is the importance of filing for an LLC?

Thanks in advance.

0 Votes

Miami, Florida

I have been gifted a house which need about 20,000 in repairs. I'm lost. I decided to start reading real estate books and learning the business. Any advice someone more experienced can give, about how I can spin this into a profitable lifestyle?

Thanks in advance.

0 Votes

All Forum Posts by: K Johnson

K Johnson has started 2 posts and replied 3 times.

Post: LLC Do I need one? Why or why not.

Post: LLC Do I need one? Why or why not.

Post: New to the business