ENGAGEMENT
BUSINESS TIPS
EasyAnswers
TIPS FROM AN ATTORNEY TO PROTECT YOURSELF — AND YOUR INVESTMENT.
When it comes to your real estate investing business, asking questions is part of the job. Think Realty Resident Expert, real estate financial advisor, and attorney Clint Coons offers his advice to questions he hears from clients every day.
QUESTION
ANSWER
If I am buying my first property and intend to live in it as well as rent out other rooms, should I still set up an LLC?
Yes. If anything happens on the propertywith one of your tenants, you do not want to end up personally liable.
Have a legal, finance, or tax question that might affect your REI? Send questions to Think Realty’s editor at kwhite@thinkrealty.com.
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