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Updated over 5 years ago on . Most recent reply

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14
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Justin A Edmonds
  • Banker
  • New Castle, DE
4
Votes |
14
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CPA's: 1 LLC, Multiple, or DBA's under 1 LLC?

Justin A Edmonds
  • Banker
  • New Castle, DE
Posted

I plan on breaking into the real estate industry with rental properties. I hope to acquire multiple properties. Doing so, I'd like to know what is the best way to go about registering these properties.

Should I:

- Register all my properties under a single LLC

- Have an LLC for each property.

- Establish just one LLC then put each property as a DBA

And if possible, please explain why this would be the best option.

Most Popular Reply

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979
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952
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
952
Votes |
979
Posts
Costin I.
  • Rental Property Investor
  • Round Rock, TX
Replied

@Justin A Edmonds - neither. You have yet to break into rental properties and to have some equity and/or cashflow to protect with LLCs. Concentrate on getting that first - a few deals under your belt, build some equity and cashflow past your risk threshold, build some wealth - before you complicate your life with the expenses and maintenance of LLCs.

  • Costin I.
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