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Updated over 1 year ago on . Most recent reply

Nick Crosby's profile image
Nick Crosby's profile image
Nick Crosby
  • New to Real Estate
  • from Merced
  • Member since Sep 18, 2023
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Nick Crosby's profile image
Nick Crosby's profile image
Nick Crosby
  • New to Real Estate
  • from Merced
  • Member since Sep 18, 2023
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Nick Crosby
  • New to Real Estate
  • Merced
1
Votes |
1
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Short-Term & Vacation Rental Discussions

Short Term Rental Startup

Nick Crosby
  • New to Real Estate
  • Merced
Posted

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?

  • Nick Crosby
    • Modesto/Merced, California
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    Chai Xiong's profile image
    Chai Xiong's profile image
    Chai Xiong
    • Investor
    • from Orlando, FL
    • Member since Jan 23, 2012
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    Chai Xiong's profile image
    Chai Xiong's profile image
    Chai Xiong
    • Investor
    • from Orlando, FL
    • Member since Jan 23, 2012
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    Chai Xiong
    • Investor
    • Orlando, FL
    165
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    Chai Xiong
    • Investor
    • Orlando, FL
    Replied

    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 

  • Chai Xiong
    • 3 Votes
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