When should an investor start a LLC?
Newer investor in rentals. Wondering at what point should I start a LLC and have my properties transferred to the LLC? Hopefully in the coming weeks. I'll have my primary residence and then a renta property.
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@Lawrence Morgan When your assets are over $1 million or so its time to move to an LLC, maybe less maybe more, but until then it is not worth the costs and complexity, you are better off just getting a good umbrella insurance policy. Insurance protection > LLC protection all day every day.