Real Estate Investor · lake forest, CA · Member since 2013 · 10 posts · 0 votes
Ok I am going to start creating a few letters of intents with hopes of getting a deal under contract... however I want some form of privacy and protection, if I proceed with purchasing these properties, asset protection, etc.
I came across this forum and saw this strategy of creating a series of llc's to protect each individual asset under a main operating llc.
referencing a comment made by: Bradley B. Clark here:
Real Estate Investor · lake forest, CA · Member since 2013 · 10 posts · 0 votes
12y
Hi George,
Thanks for the response!
So great to hear from someone who has this type of setup because I feel it would be the best route for me too. I'm so curious about this since I want to take the right steps.
So upon your initial setup of your business.. the main llc formation started first before you bought your properties and how did you compensate for the cost of each individual llc formation? Another concern I have is the insurance, do you have separate insurance for each individual llc or is it just for the main llc which holds all the individual llc's?