Starting Out in REI and need advice
Hello All,
I'm new to BP and went Pro this week. I've been lingering around REI for a couple of years and I'm now in a position to get moving on it. However, before I just go and buy my first property, I need to figure out the best business structure for my company.
I currently live in Arizona, but my plan, if all goes well, is to move to South Carolina in a year. I plan to buy rental properties in other states, so I know I'll have to start LLCs or S Corps in the states in which I buy those rentals. That's pretty mundane. What I need to learn more about is how to structure the holding or umbrella company under which these various LLCs will be held. And, do I need a Pour Over Trust on top of that holding company to protect myself further?
What I'm trying to avoid is having to restructure my business in a year or two (again, assuming it grows as planned). I'd rather save money and get it right now, before I start buying rentals.
Any help appreciated!
Todd