BEST Assets protection EVER!!!!
Okay, so I see this a lot in our industry. Investors will buy a property and put it into a LLC or buy it with the LLC outright. My question is whether or not to make a NEW LLC for every investment property you own?
I know of a investor that has a mix of SFH and commercial property and he's used a different LLC for all of his 45+ properties!!! This seems excessive to me but on the other hand I don't own 45+ properties. When you purchase your investment properties do you make a new LLC each time and if so... Why?
(I understand LLC creation is a deeply personal choice! That said, I am curious to hear all the reasons!)