Updated almost 6 years ago on . Most recent reply
LLC OR NO?! First time investor!
Hello!
First of all thank you in advance for any help you may be able to give! My wife and I are looking at making our first investment in a property. It will be out of town for us, in her parents hometown. We are discussing and trying to figure out if it's better to buy them under our own name and keep them that way or is an LLC the way to go? I've heard there are difficulties when doing it from within an LLC, but I also know there is more liability outside of one.
So basically, I'd love to hear your input on benefits and downfalls of doing it either way and get some advice! We just want to set ourselves up for the best success we can!
Most Popular Reply
Purchase a personal umbrella insurance policy instead. When you get to mogul level you may wish to consider an LLC.