Updated over 5 years ago on . Most recent reply
When to start an llc
I’ve heard a couple things but just curious about what other people thought.
I have 3 properties, 2 with mortgages and around 215k owed but valued around 360k total. Should I have these 3 into an llc or under my personal name is still ok? since I was decently leveraged before I decided to have it under my personal name but now it’s starting to have a little more value than I’m comfortable with under my name.
What you you all think is it time to create an llc? And how much do you think it should cost in lawyer fees to do that (writing up new deeds is - quit claim should be ok? And creating the llc)