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I recently set up a personal LLC and remember reading something about real estate investors making an individual LLC for each property as a way of limiting thei
by tppiotrowski 3y ago
I recently set up a personal LLC and remember reading something about real estate investors making an individual LLC for each property as a way of limiting their liability. If you can't pay one mortgage then you still keep all your other homes. Those LLCs are then managed by another LLC.
- zer00eyz 3y agoIt's also a way to shield yourself from tenant lawsuits. The extent of damages you can seek are the value of the house.
- brodouevencode 3y agoHuh - that makes sense then. I didn't consider the "limited liability" part of it :).
- younshin21 3y ago[dead]