The Importance of Having an LLC

If you own rental real estate that goes up in value, it should be in your personal name. Remember, policy or should be in single member LLCs. No escorts, no C course. Hey, as soon as property has 100 K and equity, equity, right, not fair market value, but the amount of equity that you have in the property. As soon as that hits 100 K, 200 K, there's people that will decide to move it into an LLC. Some people like shoot themselves in the foot because they set it up wrong first time.