Investment

[David Diaz]

If I'm going to invest in a multi-family, as a investor only is it worth getting an LLC for myself?

[Anthony Chara]

In most cases, you're lender will require you to have a new LLC for each apartment complex you purchase (5+ units). If you're only going to be buying 4 units and less, most lenders will require you take title in your own name. Then, once the deal is closed, you can move the property to an LLC via a Quit Claim deed.

Suggest you speak to a good business attorney and RE attorney that understand LLC's and RE. My understanding is that having an LLC with only you as a member, (aka Disregarded Entity), gives you NO liability protection whatsoever, but it does get the property out of your name.

I prefer to buy my complexes right into a new LLC so it is NEVER in my name. If you close it in your name and then transfer it to an LLC later like the banks prefer, then there is still a paper trail back to you as the owner. You also need to get a Registered Agent for your LLC so your name doesn't appear on any of those public records. I have my Attorney act as my Registered Agent.