New LLC for each property ?

2 Replies

I'm looking for my first BRRRR property to invest in. Should I start a new LLC for each new property in order to reduce liability over lawsuits? Or just one LLC for all properties to operate under?

Originally posted by @Nick Tureau :

I'm looking for my first BRRRR property to invest in. Should I start a new LLC for each new property in order to reduce liability over lawsuits? Or just one LLC for all properties to operate under?

 No.

And, unless you follow the specifics of LLC law it doesn't protect you anyway. Look into umbrella insurance instead. When you are more sophisticated, then look into an LLC, but not when you are first starting out.