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Updated almost 7 years ago on . Most recent reply
Best way to set up an LLC
My wife and I are new to real estate. We have a home that we turned into a long term rental property. We are planning on buying more homes in the same city in the future. Should we set up an LLC for each property, or just one big LLC for all the properties? TIA.
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
It seems some investors set up an LLC for each property. Our lawyer suggested grouping them by size so as to not have properties if disparate sizes in the same LLC. Make sure you carry ample liability insurance too and keep your personal stuff completely separate.