We just got our first rental and we want a second one
Hello guys! (Phx AZ)
My wife and I just recently got our first rental property! Should we get an LLC now or wait later down the road when we have more properties ?
Also, we want to try and get our second rental but we don’t have much capital. Any ideas ?
Most Popular Reply
@Abraham Mendoza Daniel already gave you great advice and I'd echo it - contact an attorney and CPA (you should have them in your rolodex anyway if you're a new real estate investor).
An LLC would only be worth it if you want to purchase properties with investors beyond just you and your wife or if you have a lot of assets outside of the property you're looking to protect.