Updated over 2 years ago on . Most recent reply
Partnerships and LLC’s
Good morning Community,
I just rented my first property out that I own by myself. I want to partner with someone that lives out of state so I can grow a bit faster. My question is, when do I set up an LLC? Assuming now? my partner mentioned we each set up an LLC individually and form one as an umbrella when purchasing homes together. If I also buy properties on my own outside of our partnership, do you suggest just buying them in my name or an additional LLC?
thanks in advance, all and any advice is much appreciated!