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Updated about 4 years ago, 12/16/2020
LLC structure for Single Family Portfolio
My husband and I are real estate investors in Dallas-Fort Worth area in Texas. We currently have 15 Single Family rental properties on our personal names and are in the process of getting a commercial portfolio loan for 70% LTV. We are exploring options to set up the correct LLC structure.
1. Single LLC to hold all 15 properties - Lender prefers this to keep the underwriting simple and helps us with lower origination cost
2. Series LLC - Seems not every one is on the same page (CPA, Attorney, Lenders, Banks, Title Company, etc) - An Attorney is asking $6,500 to set up the LLC and series. Any recommendations?
3. Single Member Disregarded LLCs for each property - Will a single mortgage for all properties affect asset protection?
Any suggestions on an efficient LLC structure both from the asset protection and property management perspective? Thanks in advance!