Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

160
Posts
39
Votes
Chris Mullinax
  • Property Manager
  • Kokomo, IN
39
Votes |
160
Posts

Is an LLC the best option?

Chris Mullinax
  • Property Manager
  • Kokomo, IN
Posted

In the majority of possible investment scenarios, an LLC is the best option for rental property owners. How many of you transferred your properties to an LLC? 🤔

  • Chris Mullinax
business profile image
CRM Properties
4.9 stars
403 Reviews

Most Popular Reply

User Stats

1,645
Posts
1,096
Votes
Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
1,096
Votes |
1,645
Posts
Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
Replied

I have used an LLC for all but one of my properties. I like the liability protection that comes from separating out the businesses. If one takes a loss, it shouldn't spill over on to the other ones. There is also the benefit of having an extra layer of anonymity that comes from having the LLC own your properties. This will probably vary state to state. I have transferred my first property from personal to an LLC. It cost about $800 with an attorney.

  • Benjamin Aaker
  • Loading replies...