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Forums » Goals, Business Plans & Entities » Need some advice!

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Mesbahul Hoda

· Fresh Meadows, New York


Forum_avatar_avatar-babu7775

Sep 09 '11, 03:53 PM

One of my business model is to buy properties and sell them with owner financing or do lease options. I will be holding these properties in a LLC. My question is, is it advisable to hold multiple properties in one LLC or have a separate LLC for each property?

Advise appreciated!


Curt Davis

Wholesaler · Memphis, Tennessee


Forum_avatar_avatar-curt

Pro

Sep 09 '11, 04:19 PM

This is all personal preference but my advice for you is to make sure you have enough insurance coverage for your homes. The only reasoning for an LLC per property would be potential recourse. Make sure to have enough liability coverage. Good luck

Small_buymemphisnow_stacksCurt Davis, buyMemphisnow.com
E-Mail: crtdavis@gmail.com
Telephone: 901-881-0552
Website: http://www.buymemphisnow.com
Full Service Real Estate Investing in Memphis TN


David Wedemire

Real Estate Investor · Bellingham, Washington


Forum_avatar_avatar-dasin2060

Sep 21 '11, 10:18 PM

Agreed you need enough insurance.

Another reason for a separate LLC for each or a group of properties is ease of transfer as the LLC can be bought and sold with the assets as part of the LLC. You could package them as an instant REI business to a newbie.




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