Experienced Agent/ New Investor/What to do with my Vacant Lot.

[Rojelio Raymond Ayala]

Hey everybody! I have been a biggerpockets fan for a while now, but just now wanting to get more involved. I have been a moderately successful real estate agent for 2 and a half years now. I am a full-time teacher in the Houston area. I have been really drawn here because I have recently aquired a vacant lot (7800+ sq ft) in Taylor, TX. about 30-45 minutes north east of Austin. It is zoned for commercial development, i've attached the examples that are allowed. This property is going to be owned by me and my 3 siblings, It is in my name now. We want to place it in an LLC or trust, so brings my questions... For financing a commercial apartment building, is it best to build it first then place it in an LLC or trust or put it in trust/llc first then build it. We dont care which direction we do it in, we just want whatever option is fiscally the smartest

[Steven Foster Wilson]

Quote from @Rojelio Raymond Ayala:

Hey everybody! I have been a biggerpockets fan for a while now, but just now wanting to get more involved. I have been a moderately successful real estate agent for 2 and a half years now. I am a full-time teacher in the Houston area. I have been really drawn here because I have recently aquired a vacant lot (7800+ sq ft) in Taylor, TX. about 30-45 minutes north east of Austin. It is zoned for commercial development, i've attached the examples that are allowed. This property is going to be owned by me and my 3 siblings, It is in my name now. We want to place it in an LLC or trust, so brings my questions... For financing a commercial apartment building, is it best to build it first then place it in an LLC or trust or put it in trust/llc first then build it. We dont care which direction we do it in, we just want whatever option is fiscally the smartest

You mostly do an LLC for your protection. I have several different LLC's because if a tenant or someone wants to come after me for someone they cannot sue me for everything I have just what is in that LLC. I would build and then refinance into an LLC.