BEST Assets protection EVER!!!!

[Brandon Elliott-Pandey]

Okay, so I see this a lot in our industry. Investors will buy a property and put it into a LLC or buy it with the LLC outright. My question is whether or not to make a NEW LLC for every investment property you own? 

I know of a investor that has a mix of SFH and commercial property and he's used a different LLC for all of his 45+ properties!!! This seems excessive to me but on the other hand I don't own 45+ properties. When you purchase your investment properties do you make a new LLC each time and if so... Why?
(I understand LLC creation is a deeply personal choice! That said, I am curious to hear all the reasons!) 

[Aaron Byrne]

Wow, hearing a different LLC for 45+ different properties gives me a headache. Think of all the bookkeeping...I believe it is more of a personal preference. I have clients who are completing hundreds of transactions a year through just one or two entities. Less work to manage and cheaper. That said, a benefit to creating a new LLC for each deal is if you have partners you want to bring on, which some of my clients do, it formalizes the ownership and equity structure, not to mention separates liability and prevent "spillover".

Found an article on BP which might serve for interesting reading: https://www.biggerpockets.com/...

Not sure there is a "wrong" answer here. I think it more depends on your goals for the investments and how you want to structure your portfolio.

Happy Investing!