Looking for info on Benefits of putting properties under an LLC?
Tax advantages? Easier Loans? Name what you can think of!
@Kathy C. , This topic has been covered in hundreds (maybe thousands) of blogs and forum topics. There are good reasons for using LLCs and good reasons for not using LLCs. Much will depend on what you plan on doing with your properties and how you are inclined to view risk. Opinion is divided strongly on this topic--investors, attorneys, insurance agents, are on both sides of the question.
This site can easily be searched. Look for the magnifying glass in the toolbar, at the upper right side, to the left of your photo. Enter a topic and start reading.
@Account Closed Raleigh is an awesome area. I'm originally from Hickory and spent a lot of time in and around Raleigh growing up!
To answer your question on the tax side - there are not tax benefits of placing a rental into an LLC - however if you are operating a business, it may make sense to place the business into an LLC and tax it as an S-corp.
Hope this helps!