Setting Up An LLC For Your Investment Properties
Investing in real estate can be a great source of income and a great vehicle to increase your net worth. Or it can be a complete disaster. Which one depends on the decisions you make. Holding your investment properties in your personal name(s) places your other personal assets at risk. One protection that is relatively easy and cost-effective is setting up a limited liability company (LLC) for your investment properties rather than holding them in your personal name. LLCs and operating agreements are discussed in greater detail on this website.
Limited Liability Companies For Real Estate
One limitation to holding your properties in an LLC is that you likely would not be able to purchase or refinance with a loan that would be sold on the traditional secondary market, i.e., Fannie Mae and Freddie Mac. Also, transferring your properties to an LLC may invalidate your title insurance and require changes to your hazard insurance policies. You don’t want to do this incorrectly.
Attorneys For Missouri Real Estate Investors
At TdD Attorneys at Law LLC, we are real estate investors. Our founding partner, Ted Disabato, owns a portfolio of rental properties, has rehabbed and flipped homes for profit and has purchased homes at tax sales. He is able to counsel you on the advantages and liabilities associated with investing in real estate. Call us today at 314-527-3224 to set up an initial consultation or send us an email.
TdD Attorneys at Law – Your Partner for Life