Is LLC necessary when you start
3 Replies
Jairo Ralda
from Houston, Tx
posted about 3 years ago
Hi,
Should I get my LLC first before buying my first property? I am new to real estate investing and I have learned that it is important to get a LLC because it protects your assets but I do not know if it really matters when you first start.
Toshia Booker-Blakeley
from Chicago, Illinois
replied about 3 years ago
Hi Jairo,
Although obtaining an LLC to protect your assets and differentiate your personal assets from business is important, I wouldn't let it hinder you from starting. Depending on how you are purchasing your property and the type of financing you are obtaining, you may not need to do this immediately.
Thomas S.
replied about 3 years ago
A LLC is not necessary, insurance is your first line of defence.
Jairo Ralda
from Houston, Tx
replied about 3 years ago
Thank you guys for your response. At what point you think I will need to get an LLC? two, three, four properties? or if, I just buy and hold?
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