Updated over 1 year ago on . Most recent reply
Best Business Structure
Hi All,
I am starting out and have 1 duplex in my name.
1. Should I put the property under the LLC and place the LLC in a Trust?
2. As I acquire more properties do they need to be in the name of a different LLC or could it be under the same LLC as property 1?
I plan on buying more properties and want the asset protection and DTI, tax advantages (if any) and privacy.
Thank you!
Most Popular Reply
#3 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
- 1,043
- Votes |
- 757
- Posts
#3 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
No such things as "best" the structure you need is based on your wholelistic situation, risk tolerance, and goals.
Privacy is an expensive thing and requires a planning up front. You can easily figure out who the owner is by looking at the chain of ownership, registered agent, and mailing addresses. I've seen plenty of owners trying to hide their identity by transferring the asset into a trust or LLC, but it does not take a genius to figure out its the same owner.
As always with these things, best to consult with a lender, insurance agent, attorney and CPA that can take your whole world into account.