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Updated about 6 years ago on . Most recent reply

Vernon Trice III's profile image
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Vernon Trice III
  • Member since May 14, 2018

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Vernon Trice III's profile image
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Vernon Trice III
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Vernon Trice III
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Should I form an LLC Yet?

Vernon Trice III
Posted

I am about to have one SFR should I get an LLC or wait to have more?

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Lien Vuong's profile image
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Lien Vuong
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  • from Boston, MA
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Lien Vuong
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  • from Boston, MA
  • Member since Jun 17, 2018
Lien Vuong
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

No, just put it under one LLC for you .. typically named the address of the home, i.e. 123 Main St LLC. Once you start acquiring more properties you can have a larger LLC that owns all the smaller properties under that but you have some time before that is necessary.

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