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Updated over 7 years ago on . Most recent reply

Yasmin Mohamed's profile image
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Yasmin Mohamed
  • from Philadelphia, Pennsylvania
  • Member since Jun 12, 2017
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Yasmin Mohamed
  • from Philadelphia, Pennsylvania
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Yasmin Mohamed
  • Philadelphia, PA
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Questions About BiggerPockets & Official Site Announcements

Should I get an LLC on a property that I’m househacking

Yasmin Mohamed
  • Philadelphia, PA
Posted
Hello BiggerPockets! I just purchased my first multi-family house which I will be house-hacking. It was a long journey but I’m the first step to investing is done. My question is should I get an LLC if I’m living in the property and is the benefit of an LLC. Any advice is appreciated! Thank you!
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Matt K.'s profile image
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Matt K.
  • from Walnut Creek, California
  • Member since Oct 30, 2015
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Matt K.
  • Walnut Creek, CA
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LLCs make things difficult, much the same protection can be had by umbrella insurance. Plus, lot of people don't realize the level of effort needed to ensure they operate the LLC in a way that protects them.

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