All Forum Posts by: Alex Bernot
Alex Bernot has started 1 posts and replied 1 times.
Post: Using a holdings company to own multiple investment property LLCs
Alex BernotPosted
- Flipper/Rehabber
- Cleveland, OH
- Posts 1
- Votes 0
I own investment properties in Ohio. Each property is under its own LLC and bank account.
My question is, does it make sense to setup another LLC as a holdings company (parent company) which will then own the other LLCs (subsidiaries)?
If so, what are some of the tax benefits that may come into play with this strategy? Should I use the holdings company as a ‘management company' (managed by me) and have each property's LLC pay the holdings company a management fee? Maybe should I own them with a trust instead?
Some of my properties are rentals and some are flips. Any insights on how to best take advantage of tax laws is appreciated.