The LLC is an excellent tool to hold real estate. Ideally, you would hold each parcel of real estate in a separate LLC. This is usually quite doable until you acquire four or five properties and beyond. In those circumstances – we love utilizing the Series LLC for asset protection. Only fourteen states currently permit Series LLCs. We routinely use Nevada and Delaware, but stay up to date on new possibilities. The beauty of the SLLC is that you only need one entity to segregate the real estate holdings (or other property). Therefore – one legal fee, one annual filing fee, and one registered agent fee instead of several recurring fees when utilizing separate LLCs. We usually recommend having at least one North Carolina LLC to use in conjunction with a SLLC.