Updated over 4 years ago on . Most recent reply
How does one buy 100 of properties under a llc or personal?
Hello i'm a new real estate investor i know some things but this topic has been bugging me.
Say someone has multiple properties i'm talking about 100+ how does one purchase them? do they use personal name to buy it or a business entity?
Some people say it's harder to do the BRRRR with a business entity like a LLC because the terms are not that great.
Any Advice for me? should i buy through LLC? or Personal?
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- Real Estate Broker
- Cody, WY
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I've purchased my property in my personal name, then transferred them to an LLC.
An LLC provides you anonymity (if done right) and it separates your investment from your personal assets so you reduce risk of losing personal assets in a lawsuit. The risk of being sued for such a large amount of money that it would impact your personal assets is very, very, very small. The overwhelming majority of suits against Landlords would be covered by insurance. If you want to be extra safe, buy umbrella insurance and it will provide even more protection for very little cost.
- Nathan Gesner
