All Forum Posts by: Account Closed

I understand I can have up to 10 mortgages under my name. My plan is to have 3 rentals by 2025 and potentially more after that. I would also like the liability protections an LLC offers along with keeping mortgages off my personal credit report if possible.

Hi Chris, 
I haven't formed anything yet, just doing my research. I will be buying my first rental end of year/early 2024 and am trying to get everything in order. I'm just confused on the logistics of which LLC (holding or subsidiary) applies for and holds the mortgage.

For what it is worth, I currently own a second home that will be moved to a subsidiary LLC so I can have each rental in a separate LLC under the holding. 

Thanks,
Daniel

Hi All, 

I'm looking to create a holding company and subsidiary LLCs. My question is, does each entity need an EIN and do the mortgages tie to the subsidiary LLCs or should they all come from the holding company? 

Thanks

Hi All, 

I'm new here but have been doing a lot of research and reading on this forum. I'm hoping to setup an investment structure soon and am looking for some guidance. I'm a CA resident with a vacation property in AZ. I'll be purchasing a property in AZ next year to rent to my son and several of his friends when they start college and I may turn my vacation property into a rental as well. Eventually, I'll be moving full time to AZ and hope to purchase additional rentals in Arizona within the next few years. 

I'm thinking about creating an AZ holding company with AZ subsidiary LLCs for each rental property and 1 LLC for property management. Because I'm a California resident, I understand I have to register my operating LLC in CA and pay the minimum $800 in taxes. I think the best way to handle this is to register my property management company in CA so that as I add properties/subsidiaries to the holding, the rents will all flow through the property management company thus not expanding my business in CA.

Does this sound reasonable? Any suggestions that may improve my situation? 

Thank you, 

Daniel