New LLC

[Mineto Anfield]

I currently have 8 SFRs in my LLC. Is there a suggested number of properties to have in an LLC? When or should I look into setting up a second LLC for future properties?

[Colleen F.]

It boils down to what you are protecting. If you are trying to protect your personal assets then an LLC with all properties is okay. However you may want to limit the liability more because with a single LLC one suit could wipe out all your investments if you have significant equity in them. Some people would say 1 llc per property. I lean towards an equity approach. If a property has significant equity it should be in an LLC alone.