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Updated almost 5 years ago,
New Investor- Best Asset Protection Strategy?
I'm closing on my first SF Rental Property in the Cincinnati area. I've filed for my first LLC and plan to quit claim deed into this entity after the loan closes.
I’m planning on buying at least 3 properties by year end and more ongoing in the future if possible.
I don't understand the best asset protection strategy. Some say sufficient Umbrella Policy and group a few properties under same LLC. Others say Individual Llc's for each rental.
Tax time would be cumbersome and expensive filling multiple returns.
Any suggestions for a newbie?