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Updated almost 6 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Jon Pakula
  • Real Estate Agent
  • Austin, TX
2
Votes |
4
Posts

1st Rental Property Questions

Jon Pakula
  • Real Estate Agent
  • Austin, TX
Posted

In April we are moving into a new home and will be renting out our current home. Our current home is paid off and does not have a mortgage. This will be our 1st investment property. My question is...In Texas...is it a good idea to set up an LLC for the 1 property? and what is the best way to keep all the business finances separate from my personal accounts?

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