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Updated about 4 years ago on . Most recent reply

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Leland Woodworth
  • New to Real Estate
  • Mooresville NC
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Pros and Cons of a LLC

Leland Woodworth
  • New to Real Estate
  • Mooresville NC
Posted

I am brand new to investing and was thinking about getting a LLC. What are the pros and cons? Should I even consider one if I don't have any properties yet?

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350
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Arthur Garcia
  • Specialist
  • San Dimas, CA
122
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350
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Arthur Garcia
  • Specialist
  • San Dimas, CA
Replied

My take on the matter, if you have less than $500K in equity you're trying to protect, the additional expenses are not worth the effort. 

My feedback would be get a few rentals under your belt then make your decision, assuming we're talking about rentals, leverage, insurance and umbrella policy should check most of the boxes you're looking for.  

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