becoming an LLC

New to the game and wondering: what are the pros/cons of becoming incorporated as opposed to investing as an individual?

You’ll probably get some answers here but it would serve you better to post this in the “Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges” area…


I know that the mortgate companies make you put down 20% if you are an LLC. As an individual you can get a mortgage with as little as no money down including the cost of fix up. The protection can be had by using insurance.

check around this board; this has been discussed in great detail in the last 2 weeks on another post.