Updated over 17 years ago on . Most recent reply
realty trust or LLC?
i own 3 rental properties and my primary residence...i need to put the properties into a trust or LLC for more protection
i know the LLC fees are $500/yr in mass...i also plan on buying at least one or two more...
any advice on individual trusts for each property?
Most Popular Reply
Jon Holdman
#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
- 14,128
- Votes |
- 22,059
- Posts
Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
William Bronchick's "Wealth Protection Secrets of a Millionaire Real Estate Investor" is a good overview. He run's our local REIA, and I asked him about this same topic recently. His recommendation: put each property in a land trust, with a LLC as the beneficiary. As Eric says, trusts for privacy, LLC for protection.
Jon