Newbie Question - Buying, LLC, Trust, but in what order?
Looking at buying my first single family rental. Do/should I set up a trust first, or buy the rental first, or set up an LLC then buy the rental, and then assign the trust as a member of the LLC?
I'm eager and exited to buy and secure the home so I'd love to do that first, but if I should really set up a living trust first and create an LLC before I buy the home, then I want to do the smart thing.
Thanks!
Mike