Do I need a separate LLC for each of my real estate investment properties?

The choice in separating your properties into various LLCs really depends on a number of factors. For example, do you have a lot of equity tied up in each of your properties? If so, placing it in its own LLC may serve to protect each of your properties in liability situations. However, if your properties don’t have a lot of equity built yet, then having them included in a single or series LLC may be the better option for you. Essentially, attaching an LLC to each property can minimize your risk associated with lawsuits, but it is not always necessary. However, as you point out, having multiple LLCs can be tedious and as they say, time is money!

Situations like this can certainly be answered best by a real estate attorney once they know the specifics. Real estate can be a murky area for many people, but relying on the advice of a professional can certainly simplify the process. Feel free to visit LawTrades to connect w/ a quality, on-demand attorney. Our marketplace offers flexible payment options, 24/7 customer support, and a satisfaction guarantee on all projects!

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