Updated over 18 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?
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Jon Holdman
#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
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- Mercer Island, WA
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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