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Updated about 9 years ago on . Most recent reply

User Stats

86
Posts
25
Votes
Philip Pape
  • Investor
  • Bloomfield, CT
25
Votes |
86
Posts

What entities do buy-and-hold investors use in Connecticut?

Philip Pape
  • Investor
  • Bloomfield, CT
Posted

Fellow CT investors, what legal entities do you typically use (primarily for asset protection, but also anonymity) for the following?

1. Your home buying business

2. Your property management of rental properties (e.g., do you use one LLC and then DBAs for each property for tenants?)

3. Your individual properties and associated financing (I'm concerned titling the property under an LLC will make it difficult to re-fi as part of the BRRRR strategy)

I plan to meet with attorneys and CPAs but would like to know what other investors in my state are doing based on the advice you've received. Thanks!

Most Popular Reply

User Stats

4
Posts
2
Votes
Elias Zraik
  • Wethersfield, CT
2
Votes |
4
Posts
Elias Zraik
  • Wethersfield, CT
Replied

I was looking for the exact information. I did some research(reading and talking to my bank manager) and what I understood for starters and umbrella policy should be good. Being on the cheap side went to a used book store and got a book on LLC. Serviceing agent will cost around 1300 with 120 for the stateam fee. Please continue on the topic this is very helpful

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