All Forum Posts by: Sean O'Dowd

This has been been debated left and right and will find people on BP with extremely different opinions. 

That being said, an LLC combined with an umbrella is the safest thing you can do. Yes, there will be extra headache involving opening a seperate bank account. Yes, this amount of protection is overkill in 99.9% of situations.

That being said, I don't want a 'black swan' event to impact my real estate, and I will always default for the LLC. The few hundred bucks it costs to set up and maintain are worth it

Absolutely let them know, better to keep them in the loop prior to transfering. Big fan of transparency in that process

Hi team,

I'm looking into purchasing my first duplex within the next month or so: got it down to a couple properties in Wisconsin and have funding secured.

The real remaining question is the lawyer to set up an LLC and a CPA. Do you know anyone good in Wisconsin who could handle either? Hopefully at an affordable rate as well :)