Updated almost 6 years ago on . Most recent reply
Why do you have an LLC?
Why has it been a smart move for you? Millions of investors choose to not use LLCS for financing reasons
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Everyone should create and use an LLC for real estate. They are super cheap to make and offer protections that can save you from losing your kids college fund or your own personal home.
For the people who enjoy the numbers... An attorney can create a basic LLC for $500. If you have an average lifestyle with a $100K home, $50k in 401k, $15k in child education fund, and $10k in the bank then that LLC can protect all those assets from being taken as part of a settlement. That means your investment of $500 into an LLC has a cost avoidance ROI of 34,900%.