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Tax, SDIRAs & Cost Segregation
Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
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637
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What's wrong with signing personally?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted Jun 16 2019, 21:12

Hey, I was watching on Youtube and It was saying "if it goes bad and you can't get it better no mattee what you do you cant get the rents up you can't get the building turned aroud.. You walk away with 40k. At the end of the lease you're done. You didnt sign personally the lease was to your LLC and was an LLC set up just for this deal, you have no reason they have the recourse agaisnt you"

So my question here is, What's wrong with signing personally? What does the LLC do?

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