The use of LLCs for real estate asset protection is a common practice that many investors explore. There are many benefits and nuances you’ll need to know in order to properly use an LLC for protection purposes. As you explore LLC use, here is what you’ll want to focus on:
- Why use LLCs? What type of protection do they provide?
- How do you set them up? Is there a specific way to set them up for my circumstance?
- Tax implications of LLCs
- How do mortgage companies react when you place a property into an LLC?
LLC use is NOT a one size fits all approach. You’ll want to do your own research, and discuss with both your Attorney and CPA to come up with an appropriate plan for you.
We highly recommend the content from Anderson Business Advisors. You can find them on Youtube. Here’s a great place to start: