LLCs are a hot topic with new investors. If you’ve been investing for a while, you probably invest with an LLC. But is an LLC (or “limited liability company”) worth it for a new investor?
Maybe you haven’t done a deal yet, and you’re about to do one. Should you be using an LLC for rental property?
Or maybe you have a few deals already. Then, the question might be when should you start your LLC?
This article will address when to start an LLC and if it’s even worth it at all.
Out of the gate, it’s important to note that an LLC is not a one-size-fits-all approach. If your goal is to build net worth into the hundreds of thousands or millions of dollars, then set up the LLC. If you plan to keep your portfolio small (or are house hacking), an LLC may not be right for you.
Read the full article here – https://www.biggerpockets.com/blog/real-estate-llc-not-best-option
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