3min chapter

Real Estate Rookie cover image

248: Rookie Reply: Do You NEED an LLC for Rental Property?

Real Estate Rookie

CHAPTER

The Importance of Putting Your Home Under an LLC

Kade Bigelow: Almost none of my long-term holds are under my personal or are under my LLC and Ash is on the opposite. Kade says he wanted that nice 30-year fix you know low interest rate so I did a lot of the rentals that I owned myself and my personal name then every time I have a partner I put that partner into an LLC. For us what was more important was getting the most favorable debt terms and in order to get that we had to under our personal personal namesYeah for my properties when I first started out investing I wanted that nice30-year fix but at the time interest rates were around like four and a half percent if I would

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