Creating a series LLC

[Robert Washington]

Biggerpockets fam,

I want to create a series LLC to buy property in Reno NV. My intent is to buy one property in NV and more in a different state.

However, I'm curious if it would be better to just create a regular LLC or series LLC?

Thanks for any guidance or tips.

- Rob 

[Nathan Gesner]

For every LLC you create, there are costs for setting it up and maintaining it, separate bank accounts, separate credit cards, separate tax filings, more paperwork, etc. It becomes a nightmare to monitor.

If you feel the need for multiple LLCs, set up a series so the properties are split up but you're not over-complicating your life.