Would you use a series LLC to house your properties? Why or why not?

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Just make sure that the jurisdiction provides protection for single member LLCs, if you don't have additional members. Or else have a non peppercorn and arms length additional member. May also want to limit to jurisdiction where creditors are limited to charging order protection.


Yes. For the first two abbreviated words of LLC. LIMITED LIABILITY

No, because the “LIMITED LIABILITY” part is pretty easy to get through if tenant has a competent lawyer. Not to mention, you are still very likely to be sued personally and will then be paying additional legal fees just to get your name tossed from the lawsuit. Even if you have an LLC, you should still have an umbrella policy. As such, for an investor with only a handful of properties, it’s much much easier to just have them in your name as the additional “limited liability” piece is small but costly and time consuming.

Should you do this for primary residency as well?

No. Too many tax benefits from homesteading your primary home


If you have a good policy plus a large umbrella I don't see the need to use an LLC. It's ok to use for a couple properties but you'll run into issues getting a mortgage down the road. Banks don't like giving mortgages to an LLC so if you find a creative way around that then I'd say go for it.

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