setting up an LLC before buying the first property

[Andrzej Slugocki]

Is LLC a good idea before buying the first property?

[Bjorn Ahlblad]

@Andrzej Slugocki welcome to BP! I think it depends your goals. You do not need the added expense and complexity. I have duplexes in my name and do not intend to change that. If I buy another duplex it will likely be in my name. My 12 unit is in an LLC, and if I succeed in finding another one it will be in a new LLC. Either way get a good umbrella insurance policy.