LLC structure help needed

[Joshua Davis]

I am starting up my LLC with my wife and am wondering if we need separate LLC to manage the assets from the LLC as property investment?

I have one property paid off and second property under a mortgage which I want to manage both properties and get a multi family to move into out of my house with the mortgage?

Just a little confused on best way to set up properties for liability and taxes.

[Sarah Kensinger]

We have created the exact set up that everyone is telling you to get. We have an Ohio LLC that we are operating our business through and then as we own property, they would each have their own LLC. We'll probably keep each property separate since we don't plan on owning more than a handful. Make sure you hire a good attorney that knows the ins and outs of real estate! So many people thought they were good, just to later realize they wasted thousands of dollars. We used Anderson Advisors from Las Vegas for set up and to direct us in what entity would be good to have. They are extremely knowledgeable and worth the membership to make sure everything is in A+ order!