Limited liability companies – LLCs for short – can be a useful tool for real estate investors to help minimize their liability on property they own. But LLCs can also be expensive and time-consuming to create, and their liability protection only works if all the paperwork is done correctly. In many cases, good property and umbrella insurance coverage could be just as effective as an LLC at protecting your real estate investments. Tune in for part one of Ilyce’s two-part examination on the advantages and disadvantages of using an llc for real estate investing, on this episode of Big Money Real Estate. And be sure to watch tomorrow for part two. Check out Ilyce’s Intentional Investor Series to learn everything you need to know to become a successful investor in real estate. Looking for more of Ilyce’s real estate and personal finance tips? Read her blog, see her tweets and follow her on Facebook.
Is it Better to Use an LLC to Invest in Real Estate? Part 1 of 2
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