First investment in a multi family
I'm looking to start my investment career with a multi family complex, 3 - 4 units in the Tucson Az area. I interested in suggestions about whether or not I need to have an LLC for investment before I buy or can I purchase it under my name and move it to an LLC later? What are the risks involved with having it in my name vs the LLC and how soon after purchase do I need to make the switch over? Thanks for helping, I really appreciate any comments and suggestions.
Most Popular Reply
It is not required to have an LLC to purchase and it may make financing more difficult. It may not be worth it depending on which assets you are trying to protect from liability. The best way to reduce liability is to be a good landlord. an LLC generally won't protect the property just everything you have that isn't in the LLC.