How many properites can you purchse under an LLC?

[Account Closed]

How many properites can you purchse under an LLC?

Will you have trouble getting loans after 10 proprties? The same as an individual?

I am looking down the line for a future partnership and this came to mind.

[Steve Vaughan]

What I don't recommend for sure is quitclaiming a house into an LLC later. That can negate your home insurance and title insurance. Not to mention possible DOS violations on your loan.

As you ask lenders and insurers about buying residential property inside a business entity, you will get a sense of the potential problems. The extremely low probability of the slip and fall lawsuit the LLC is suppose to protect you from isn't something I fret about. I just operate above board and carry good liability protection. An umbrella policy as well as your assets grow is a great idea.

That's just what a laymen has done.  An attorney that once heard of a massive lawsuit one time 12 states away will recommend LLCs, trusts and all kinds of things.  They won't be there to help you with your acct or tax reporting.  They won't be there when you are uninsured and don't know it. Ask and research before you act is all @Account Closed.