Series LLC or regular LLC?

[Ross Dallas]

Assuming your state allows it, what business entities are you using? Are you putting all your properties into an LLC or do you have a parent LLC and each property in a series LLC? Let me know your thoughts and what advantages/disadvantages you all see with both!

[Kyle Daniels]

@Ross Dallas

Working in MO here, we set up a series LLC, primarily because of the flexibility it gives with Bank accounts, moving money around, and legal protection. Makes the process super simple.

The only downside with the series is educating others. We ran into an issue where our bank didn't know or understand the Series. They are a great vehicle for real estate but apparently not everyone knows about how they necessarily apply to real estate.

Whatever you choose I would not do anything without an attorney. Ours has been huge with educating us and others.