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Im a new investor...help?


im looking to invest in single family and multi properties...should I use a LLC For asset protection

Regular homeowners insurance with an umbrella policy and insurance on each property so be fine for the first 5 properties.

Example
Personal residence- $1 million coverage
Rentals- $500K each
You are covered up to $1.5 million per incident. $1.5 million should be plenty to cover any lawsuit you encounter.

If you are going to get more properties then a LLC is a wise choice. But financing will more difficult because you are treated as a business, meaning higher interest rates.

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