Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
LLCs How many are needed in this scenario?
We are in the process of purchasing an investment property that has 3 rental units (2 residential apartments, 1 commercial unit). We are setting up an LLC for the physical real estate, an LLC for the rental management, but my question is... If we utilize the commercial space ourselves as tenants paying rent to the LLC rental management the commercial business should also be an LLC correct? If we rent the commercial space to someone else then we would only need the LLCs for the real estate and the rental management, correct?