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Updated over 5 years ago,
How to best structure rental properties using an LLC
I am fairly new to owning rental properties and prior to building a portfolio of real estate, I want to make sure I go about setting up my business correctly. I have a few questions that I was hoping could be answered.
- Should each house be in a separate LLC or can a group of properties be clustered into an LLC?
- How does placing a home in an LLC affect the ability to get a loan?
- Will banks deny putting a real estate property in an LLC unless it is a commercial loan?
- Which type of attorney is best suited for this sort of work?
Thank you