Purchasing PG county, MD duplex in Living Trust?
Greetings BP'ers!
A recent job transfer triggered my first purchase in the MD suburbs! I'm buying a two-unit property in Laurel, Prince George's County, living in one unit and renting the other. Are there any disadvantages related to purchasing the property in the name of my revocable living trust? I learned the hard way that a living trust purchase precludes you from rent control exemption in DC.
Thanks in advance for your replies.