LLC justification or a matter of pride
I'm a newbie buy and hold investor. I have a couple of SFHs that I'm rehabbing and renting out under my LLC with my business partner. We both want to grow the business but can't find a good reason for continuing the LLC (and expanding the portfolio within). I know that getting conventional mortgages have way more favorable terms than commercial loans and that the "protection" of holding the properties in the LLC are pretty minimal. So why am I wanting to grow my LLC at this point in my journey, is it just a matter of pride to say that I'm a business owner or am I missing something?
Thanks for taking the time to weigh in.