Should I get an LLC to buy my first out-of-state property?

[Jesse Szakacs]

Hello all, my name is Jesse. I am a university student based off San Diego and wanted to begin my real estate investment journey out-of-state for obvious reasons. Would you guy's suggest getting an LLC to buy my first rental property or just do everything under my name? Would love to hear your thoughts and feedback! Thanks.

[Matthew Crivelli]

@Jesse Szakacs

I wouldn't be super worried about the asset protection aspect of the LLC when you first start out. (unless you have a ton to lose) Really the only reason you would need one is if the financing you are planning to use requires it. Most private capital sources will want you to hold the property under an LLC but banks will work in your personal name. If the lender isn't requiring it, you don't need it right now.