Buying second home in Colorado; LLC, Trust needed?
Hi, I am buying my second home in northern Colorado (Fort Collins, Laporte, Wellington, or even Laramie Wyoming possibly). I am planning on living in the new home I buy and renting out my current home or else just renting out the second home. I keep hearing about LLCs and Trusts. Does anyone have an experience with this? Mainly, I would like to know, what kind of LLC is would need and what site should I use? I would like to set it up before I buy my second home so that I can put that home under the LLC. Secondly, should I also set up a trust to put my house/s under?
Thanks for your time and advice in advance!