Buy 1 LLC or Buy an LLC for Each Property?

[Jacob Maes]

I hear from some people to buy an LLC for each property you own and some have said to buy just 1 LLC and you're fine. I'm just curious as to what you guys think? My personal view is buy an LLC for each because if anything happens it's just that one property and not the whole portfolio but wanted to see what other's thought.

[Basit Siddiqi]

Having an LLC for each property is over kill.

Imagine how many entity names you need to create/remember, how many bank account numbers you will have, how many checkbooks you will have, etc.

Consult with an attorney on how many properties per LLC is okay.

The answer will normally depend on the following factors

1) Risk tolerance
2) Risk exposure
3) Income / Assets