Updated almost 2 years ago on . Most recent reply
Short Term Rental Startup
Just getting started in Real Estate Investing and unsure how to properly structure without going overboard/ over thinking it all. Where I am at now based off of currently living in CA is using a HELOC on my current home to finance purchasing a Short Term Rental. Putting the rental into a Land Trust, having the Trustee be a Wyoming LLC, and the Beneficiary being another LLC in Wyoming? This should give me any asset protection and also exclude me from the CA Franchise tax fee for owning LLC's correct?
Most Popular Reply
Dayemm.. ask the lawyer who set this up this question i bet you paid a arm and a leg for this, you deserve them to answer this