Updated about 6 years ago on . Most recent reply
Properties in LLC vs no LLC benefits
Hello
Has anyone used an LLC for to hold their rental houses? How many houses do you need really for the LLC to benefit you?
I have noticed that LLCs do have some fees to set up...etc.
When does an LLC really benefit one? What's the scenario? Flipping? Renting out or other?
Most Popular Reply
@Joe Sz we have 8 units in our llc at the moment. There is alot of up side with taxes as well.
Down side, at least here in Indianapolis. If you go through an eviction, and you dont have a lawyer. The courts cap the total amount you can get from your tenant at 1500 bucks. This is not the fact if it's in your personal name.