Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Create LLC's and Trusts Rookie talk
Hey BP community,
I definitely need some help understanding the next step in my real estate investment journey. I currently have 4 properties in Indiana, and just recently bought 2 lots in Cape Coral Florida. In order to close on the Florida deals I needed to create a land trust.
1) how do you guys structure your LLC VS. individual trusts for each property?
2) Do I need a Trust for each property? If I do, typically how much is a trust for each property?
3) Why do I need a LLC if I have a trust for each property?
This is the one part of this real estate journey that I do not enjoy trying to understand. If anyone can please help me understand this legal structure id really appreciate it. Thanks guys!!
-Jesse