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Updated about 3 years ago on . Most recent reply

Mark A Powell's profile image
Mark A Powell's profile image
Mark A Powell
  • Investor
  • from Cleveland, OH
  • Member since Sep 29, 2022

User Stats

12
Posts
2
Votes
Mark A Powell's profile image
Mark A Powell's profile image
Mark A Powell
  • Investor
  • from Cleveland, OH
  • Member since Sep 29, 2022
Mark A Powell
  • Investor
  • Cleveland, OH
2
Votes |
12
Posts
Goals, Business Plans & Entities

ONE LLC OR A DIFFERENT LLC FOR EACH PROPERTY

Mark A Powell
  • Investor
  • Cleveland, OH
Posted

Greetings BiggerPockets family! I have a general question that I am getting varied answers for. Thus, I decided to query our platform for some well-informed feedback. Quick, down and dirty... We currently own 9 properties, and my question is... Should we create a different LLC for each property to minimize legal risk or hold all of our properties under one entity? I thank everyone in advance for your responses...

Kindest regards,

Mark

Cleveland, Ohio
2 Votes
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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016

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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
Terrell Garren
  • Rental Property Investor
  • Concord, NC
3,067
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1,240
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

26 SFS. 1 LLC. Simple is good.

3 Votes
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