If you want to be a military real estate investor, you need to protect yourself. Most people never think about investing within an Limited Liability Company (LLC). Years ago, I definitely thought it was not necessary. In my imagination, it was an incredibly difficult process that was something that only big companies had to do. This is simply not true.
LLCs are a fairly new legal business entity created in Wyoming in 1977. The unique aspect of an LLC is that it provides a combination of liability protection and also acts as a “pass through entity” for tax purposes. It is the perfect entity for real estate investing.
LLCs have exploded in popularity since their beginning and are the new standard for Real Estate investing.
The three big reasons for owning a rental property within an LLC are: Tax Benefits, Privacy, and Liability Protection.
This is one of the biggest reasons why Real Estate Investing is such an incredible wealth builder.