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Updated almost 7 years ago,

User Stats

41
Posts
15
Votes
Larry Frank
  • Rental Property Investor
  • Racine IL
15
Votes |
41
Posts

Series LLC or seperate LLC per property

Larry Frank
  • Rental Property Investor
  • Racine IL
Posted

Hello everyone,

I live in IL and am investing in Wisconsin. I created a series LLC with 3 properties in it. I am going to create a new LLC (not a series) or add a series to my LLC but I have heard conflicting viewpoints. Some people say its perfectly safe, while some people have said to run away if anyone offers this. A series saves me a few hundred dollars a year in fees to the start per/LLC. I also have my account with Chase and they wont give a second checking account under a new series LLC. Anyone have any recommendations?

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