Louis Van Der Westhuizen
Multiple LLCs one for each flip?
Hello BP colleaguesI live in Southern California and from what I hear series LLCs are not recognized by the state of CA. I’ve also read (various sources) that it’s a good idea to create a separate LLC for each investm...
Jason Xue
LLC for Out of State Properties
I currently have a LLC registered in the state of Illinois. If I were to buy an out of state property, what's the best way to go about holding that property? Can I hold it in my Illinois registered LLC or should I cre...
Brian Messer
how to start holding company .
I have been buying rental properties with partners last 5 years .we own 12 homes . I and partner puts up down payment ,partners get investment mortgage to purchase home in their name. . I have 4 different partnerships...
Palak Shah
Self-Managing Properties LLC Set-up
As a background, I own, rehab and self-manage 20 rentals with no partners other than my husband (I do not manage properties for others - I'm not a property management company). I recently sat down with my attorney, in...
Adam Burrows
How to Avoid "Piercing the Corporate Veil?"
I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account. If I created a child series to hold an investment property (not collects rents though, just ...
Srinivas Reddy
Advice on LLC structure
Hello everyone, I am relatively newer on Bigger Pockets and am looking for advice on LLC structure.I saw in another post a few years back that the general recommendation is to have a series LLC that owns the individua...
Peter Grosso
Seriously considering eliminating most of my LLCs. Any Advice?
Hello All, When I first started investing in buy and holds I wanted to be insulated from risk. Now I feel like I insulated myself from leverage. I now have 4 LLC's that I actively use. 3 I use for Real Estate and ...
Chase Cline
Should You Form a LLC for Each Individual Rental Property?
My wife and I just bought our second property and were considering forming an LLC for them. I just read something that said some investors opt to form an LLC for each individual property as a shield so that any lawsui...
Jill Keller
One LLC or Multiple LLCs?
Hello,
I have a 3 properties under my personal name that I'm looking to move ownership to an LLC. Should I get 1 LLC per property or one LLC for all 3 properties? I know multiple LLCs would mean more complicated taxe...
Lisa W.
Series LLC or Umbrella policy on networth
I'm starting on my journey as an REI and am hoping someone can help with the legal aspect:1) As I'm reading forums and accumulating everyone's "house hacking" ideas, there's been a conversation about Series LLC: one h...