Structuring R.E. Investor Business

[Dale M.]

[/b]I am structuring my business, but am now not sure I have this correct.

I have been told too:

Create a Land Trust to own the residential investment property.
The Beneficiary is an LLC that I own.
The trustee be someone I trust.
That way my personal name is hidden from the public by the Land trust.
The LLC offers asset protection for myself and my other assets, I understand it won't protect this property thou.

[b]Now I just read somewhere, does they make a valid point? and I should do it like this also, hmm:

Use Both an LLC and a Trust

[Brian Burke]

Say what??! I've been in this business a long time, and even I don't understand all of that. Total overkill from someone selling legal services, in my opinion. There is no "one size fits all" ownership structure. Everyone has a different personal and business situation that, when the facts are examined collectively, dictate a particular ownership structure.

For most investors, just owning property in your own name, and carrying good insurance, is the best structure. For some, there is a compelling reason to own in an entity.