It sounds like you and your husband are on your way to capturing the American Dream. And, I agree with the other great answers you have received (in regards to your ability to manage as many of your own properties as you want under one LLC without being required to obtain a real estate license). Bottom line, I would not be concerned (if I were you), about you and your husband acquiring too many investment properties. What a nice problem to have.
Additionally, it sounds like you have addressed the â€œreal,â€ concern that I would have in a situation like yours. The story goes like this; you and your husband gets 5 or 10 or however many investment properties all operating under the one LLC, and over time (with a little luck and lots of hard work), your efforts pay off and you have a healthy thriving business that will allow you the pleasures and quality of like that we are all hoping to achieve someday. But, then some unexpected accident or some unknown secret structural problem exists, or some development goes sideways, and the LLC is sued. Now, whatever incident has occurred on the one single property that caused the lawsuit bleeds over and into the other properties.
Itâ€™s never a good idea to maintain all of your investment properties under one single LLC. Itâ€™s like tying off a large number of mountain climbers to one single line. If one goes down, they all will start to follow. Itâ€™s the domino effect. The â€œSeries LLC,â€ is the solution. You have indicated in your question that you did set up a Series LLC. I commend you for that forethought and planning. As you know, it prevents the very problem I was describing earlier.
Congratulations. It sounds like you have established a bullet proof plan, (with regards to the liability issue I am highlighting). When it comes time to start populating your new Series LLC with properties, please give me a call. You sound like the ideal clients to work with, and it would be a privilege to help you to continue on your path to success and happiness.
I look forward to hearing from you soon.
Robert K. Peddicord
Real Estate Consultant
Prudential Americana Group, REALTORSÂ®
Direct: (702) 218-3974
E-Fax: (702) 317-3371
Email : email@example.com
Web : http://www.peddicordconsulting.com
871 Coronado Center Dr.
Henderson, NV 89052