Here's the truth: most people have no idea whether or not they should have multiple LLCs for rental properties. If you plan on having more than one real estate property then you have a big decision to make. Should you have an LLC for each of your real estate properties? Let's discuss.
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Now, of course, the more properties you own. The more LLCs you may need. But there is a certain threshold where I would say you should start highly considering having multiple LLCs for each property.
And I would say when you have more than 4 properties or over $1 million dollars in real estate assets.
Video Outline:
How many LLCs needed for rental property investing? (0:00)
Two Factors to Consider (0:50)
Why would you want multiple LLCs? (1:25)
How many LLCs do you need? (2:51)
Management of having multiple LLCs: (5:29)
The Costs of having multiple LLCs: (6:10)
Bonus Tip #1 (8:06)
Bonus Tip #2 (8:35)
The Bottom Line: (9:23)
Have you watched? "How to Buy Rental Property with an LLC: 3 Simple Steps" - [ Ссылка ]
Now I am not going to talk about how to buy real estate with an LLC or reasons why you should or should not because I already made a video on that which you can check out in the playlist below after you watch this video.
LLC Playlist: [ Ссылка ]
Real Estate Playlist: [ Ссылка ]
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
