What is the name of your state (only U.S. law)? California.
I plan to purchase a real estate investment property but I heard the best method to hold the property is to hold the property under a LLC in order to not subject my primary residence to a tenant lawsuit. Is that the best legal entity to hold a rental property or do you have other suggestions? What types of lawyer (real estate lawyer of asset protection lawyer) do I need to contact to set up a LLC if that's the best method to hold the property.
I plan to purchase a real estate investment property but I heard the best method to hold the property is to hold the property under a LLC in order to not subject my primary residence to a tenant lawsuit. Is that the best legal entity to hold a rental property or do you have other suggestions? What types of lawyer (real estate lawyer of asset protection lawyer) do I need to contact to set up a LLC if that's the best method to hold the property.