Multiple LLCs vs Holding company?

[Venslaus Arokiaraj]

Hi - Me and my partner are interested in buying run down properties and flipping them. What is the best structure to hold the properties?

1. Should we buy each property under a LLC and open a business account for each property?

2. Should we buy each property under a LLC and create a parent holding company that handles the finances for all the LLCs?

Let me know if there is any other better way to handle it.

Txs in advance.