How many properties in one LLC?
I have been aging an LLC for a few years. I want to start buying property. how many properties can I safely have under the LLC and seperate myself from liability? Should I have the LLC as the holding company of several other property LLCs? What has been working for some of you?
Most Popular Reply
LLC for each property is just too much trouble to manage. Try 'equity split' to protect your assets. This is a method to group all or number of properties in #1 LLC, then create #2 LLC that holds the note for all the equity in #1 LLC.
So, if anything goes wrong with #1 LLC (manages all RE activities,) then it'll show no equity/asset in it. Because #2 LLC holds a note against it.
For detail, do some search on line.
Good luck,
Denise