LLC worth it for small-time Resi investor?
I’m 26 and fairly new to investing, I own 2 Rental properties, both are doubles and bought my first in 2017. I currently have a verbal agreement on a 3 unit and intend to sign paperwork this week. I don’t have millions in the bank or in or networth. I do own my own home which I just bought a couple of months ago and have about 20% equity in that. All of my rentals have about 25% equity in them.
Wondering if LLC is really worth it? Obviously aware of the ability to protect your personal assets, but are there any other really good benefits to it? Not to familiar with the tax advantages everyone is always talking about. Is it that important to set one up or is liability insurance enough? I have 500k liability on each rental