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Updated 12 months ago on . Most recent reply

User Stats

30
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15
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Ismael Ayala Jr.
  • Investor
  • Hillsborough County
15
Votes |
30
Posts

Land trust or LLC or both? Bank accelerations?

Ismael Ayala Jr.
  • Investor
  • Hillsborough County
Posted

I've heard about LLCs for a little while(Wyoming being the most popular) and the tax and liability benefits that come with it. So I have 2 questions.

1) Can a bank initiate an acceleration clause because they find out your primary residence or investment property is in a LLC? This is something I've recently heard and is new to me.

2) How would you structure your home(s) within a protective entity such as a land trust and/or LLC?

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