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Updated about 2 years ago on . Most recent reply
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Starting out an LLC?
Hello,
I'm a beginner real-estate investor with few properties in my portfolio. As i'm trying to expand I was think about opening an LLC.
Will an LLC provide me with any tax benefits? what are some of the benefits (besides the obvious liabilities portion) of having an LLC?
Also - should I put all properties under the same LLC or separate those out to max out liabilities options?
Thank you for your help.
Most Popular Reply
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If you plan on holding multiple properties in one LLC, and you're not a CA resident, then I would recommend looking into a Series LLC, as it has unlimited scalability. Creating new series does not require any additional filings or fees with the state. Each series receives complete liability protections while you avoid the cost of creating an entirely new company each time you acquire a new property.