Series LLC

[Clementene Taylor]

Hello everyone, my name Clementene I'm fairly new to real estate investing, I will be investing mainly in Fort Worth and Dallas TX. I'm in the process setting up a Series LLC and would like to know if any of you are utilizing a Series LLC and how you have it structured. In the case of flipping do you have a parent LLC and create a child LLC for each project?

[Vincent V.]

It’s all boiled down to your risks tolerance and setup your structures accordingly to mitigate those risks so that you can sleep like a baby at night. You’ll need to separate your risks and assets into different LLCs such as an operating and a holding LLC; the holding company holds title to your rentals only & does biz with no one (low risk) while the operating company owns nothing but manages the rentals, sign lease, collect rent, do repairs & maintenance, etc. (high risk activities). There’re so many different ways you can setup to protect yourselves but there is no such a thing as full proof. These structures helps to make you appear as a hard target and would be litigant moves down the road to the next easier target. Good luck!