Muti State Business Structure

[Justin R.]

Ok, We have all heard "The most common question in Biggerpockets" a thousand times. "Should I start an LLC?"

Ok the decisions has been made to go forth with creating an entity. How have other successful investors set up their business when the portfolio consist of multiple properties, in multiple states. I have long term Rentals in 7 states, and occasionally flip home when the opportunity arises.

-LLC Group by type - "Mulit family" and SFR

-LLC Group by state

-LLC for "holding company" only (Flips)

The old wives tail of each property gets its own LLC is not an option, too much time and $ (I live in CA)

Thanks for chiming in!!