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Updated about 5 years ago on . Most recent reply

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31
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Jeff Quinlan
  • Investor
  • Bothell, WA
4
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31
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Seperate LLC for each Property or not needed?

Jeff Quinlan
  • Investor
  • Bothell, WA
Posted

I was advised years ago that each rental property should have its own LLC. Recently I hade a long-time investor tell me that he just has good insurance overage and has one holding company for his properties.

Curious what the BP community thinks on this issue. 

Most Popular Reply

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933
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492
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Tj Hines
  • Specialist
  • Tampa, FL
492
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933
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Tj Hines
  • Specialist
  • Tampa, FL
Replied

@Jeff Quinlan the investor may have one holding company that he uses as the umbrella but still has each property in a different llc under that umbrella. But yes typically you want to have separate llc's for each asset. Good luck

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