Real Estate + LLCs

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An LLC (limited liability company) is a type of business entity that can be a strategic tool for rental property owners.

LLCs generally provide limited liability. By owning property through your LLC, you typically safeguard your personal assets (e.g., home, car, investments — things you personally own!) in the event your LLC is sued by for example someone being injured on your property.

If and when you own multiple properties, putting each property under its own LLC may further segregate and safeguard those properties from one another in the event of a lawsuit involving one of them!

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Do you have an LLC? Comment below.

Disclaimer: Not financial or legal advice.