Best structure for REI business?? (LLC, Land Trust, etc.)
4 Replies
Terry Thomas
Rental Property Investor from Chandler, AZ
posted about 1 year ago
Hello all.
I’d like to know what’s the best way to structure my real estate business for anonymity, asset protection, and the best tax advantages?
I've heard of several setups: LLC's within a Wyoming-based holding LLC, LLC in a land trust, etc. Anyone with a similar setup or experience with such?
Lance Lvovsky
Accountant from Fort Lauderdale, FL
replied about 1 year ago
Best structure is fact dependent. Speak to attorney and CPA. Utilizing LLCs with Revocable Trusts can be a good starting point.
Daniel Hyman
CPA from Milwaukee, WI
replied about 1 year ago
If you are just starting out and have no transactions under your belt, keep it simple. You can always build out complexity as you progress.
If you currently have investments, its best to seek guidance from a pro.
Terry Thomas
Rental Property Investor from Chandler, AZ
replied about 1 year ago
Thank you!
Terry Thomas
Rental Property Investor from Chandler, AZ
replied about 1 year ago
Thank you!