Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Do I need to incorporate an investment rental property? - I am looking at buying a 4 unit investment property to rent out. I have never had much money so it would be the first real asset I've owned. I have done a lot of research and read many book. I am 23 and am in the military. a lot of the material I have read says it is good to form an LLC to purchase and hold the property with in order to protect my personal assets in case a resident files a law suit or in case of bankruptcy. I have not had a change to speak to a lawyer due to the fact I am deployed. Do I really need to form an LLC if I don't really have any tangible assets that are at risk of a law suit? I would appreciate any answers but I am mainly interested in those who have experience in multifamily properties. Thanks -
