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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 1 day ago on . Most recent reply

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Kyle Williams
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First BRR Deal Question on Personal or LLC

Kyle Williams
Posted

Hi all! I have been following the Forums and really appreciate all of the insight shared here. This is my first post. I am looking at buying my first single-family residential property for a BRRRR. Since it is my first property, is it best to just do it from my personal or is it best to form an LLC prior? I don't plan on scaling quickly or anything and I probably wouldn't look at another property for a while depending on how this one goes. This one just happened to be in a small town I grew up in and I found out about it. If the answer is personal account, what all steps need to be taken for protecting personal liability?

Thanks in advance for any guidance! 

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