Does everyone buy their rental properties under an LLC?

[Mike F.]

When buying a rental property, should you always use an LLC?

What are some of the best ways to structure partnerships?

[Aaron K.]

No not always many people don't.

[Jon Reed]

I would suggest purchasing investment property under an LLC since the entire purpose of an LLC is to limit your liability. Plus... creating an LLC is cheap compared to everything else in real estate.

As far as Partnerships... you can do that in many different ways. One way is to create an LLC for the partnership and have each party be 50% owners in the LLC. Then the LLC can purchase the property.

[Clifford Paul]

Nope! 

But the question to LLC or not LLC is asked thousands of times a month on BP. If you use search you will find at least 30 days of reading material on the subject. Good luck!

[Mike F.]

Thank you all for the quick replies. I will get searching.