50
One LLC per property or all under one LLC for flipping houses
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Hello Redditor,
Recently I am starting flipping houses business, the first couple deals I bought houses under my own names. However, recently my realtor suggested me to open an LLC. After doing some research, it seems like many investors open/close a LLC per property. What's the benefit for doing this way?
And down the road, ifI want to have credit for my LLC to get the loan from bank. Does that mean I should use ONLY one LLC for all business?
Thank you.
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- 8 years ago
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