Weāve developed a scale that serves as a common language to help investors better understand the level of effort required to own a specific property.
This scale considers both the effort needed to make the property rent-ready and the ongoing demands of ownership.
While itās a useful guide, itās subjective and should not be viewed as a perfect representation, as each investorās experience and perception of ownership challenges can vary.
First, letās break it down⦠an LLC, or Limited Liability Company is a type of business structure that protects your personal assets (like your house š” or car š). Your personal assets are shielded if the business faces financial troubles or lawsuits. š«
Combining that protection with the flexibility of profit distribution and management structure, LLCs are a popular option for many small business owners. šš»
But do YOU need one when Investing in Real Estate?
Itās time to break it down and NovemberāsĀ FREEĀ Educational Class dives into LLCs separating the hypes from the truths.
We are closing out the year with our most requested Educational Class!
ā Ā How can I deal with a bad tenant, especially when I donāt live in the area? ā Ā What happens if the market crashes? ā Ā Can I purchase an income property, sight unseen?and others are stopping
If these questions are stopping you before you even start, our Decemberās virtual educational class is a must-attend.