$5500-$6500 for setting up a Holding Co+LLC - Thoughts?

[Raj I.]

Thanks for reading this post.

I understand that setting up an LLC is not required in RE, and if anything it can be a pain to file returns depending on how you set up your LLC's.

However, I am looking at a couple of properties in 'war zone' areas and out of state rentals and since I have a decent net worth, asset protection is something I have to do.

On Youtube, I found 2 really good Attorneys who have detailed the how and why. I called one of their offices and the quote was for $5500. Here's what you get for it:

1. Holding Company (NV)

2. LLC in home state

3. Potential trust in VA

4. On-call support.

I know BP'ers are prudent and minimalists and I know that you are chomping at the bits saying WHAT!!! Before you proceed to roast me, can you please educate me on how did you get your trust/llc started? If you are in Atlanta, I would love to buy you dinner or meet for scotch/beers and see if we could partner up.