Series LLC for rental properties

Memphis, Tennessee
Legal & Legislation
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Series LLC for rental properties

Amy Zuniga
Member since 2020 · 12 posts · 2 votes

Hey. Does anyone use a series LLC with each rental property on their own LLC? Are there any benefits to it? It seems easier to have them all under one LLC.

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    7mo
    Quote from @Amy Zuniga:

    Hey. Does anyone use a series LLC with each rental property on their own LLC? Are there any benefits to it? It seems easier to have them all under one LLC.


     I have seen it done with some of my clients. The main issue is the financing part. Many lenders do not like layered entities and will have restrictions. Especially if there is a trust involved as well. 

    But as long as you can paper trail the main PG and they own collectively, 21% of the property, you can finance the property with a Series LLC on a DSCR loan.

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