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re: Rental property:LLC or not?

Posted on 8/1/13 at 6:17 pm to
Posted by BigAppleTiger
New York City
Member since Dec 2008
10388 posts
Posted on 8/1/13 at 6:17 pm to
quote:

And big apple. Not saying the aren't fine options, but it depends on your personal assets and situation.


I will agree with this. We have no mortgages on the rental properties- all are owned outright with a value of over 1 million. It's just too much risk to take for 300 bucks initially and 75 bucks a year- but that's me.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 8/1/13 at 6:33 pm to
I'm rethinking what I am doing. Like you just said... not much cost. I still wholeheartedly believe in buying umbrellas
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