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Updated over 7 years ago,
Using entities to buy properties
Hi all -
I'm looking for our first investment property. 41 years old, mid-career, and saved enough money to begin thinking ahead w/ some rental properties, or fix / flip. I have an LLC (just formed - haven't used it yet), and have a Trust formed for personal estate planning.
If I were to buy a property, would I need to buy it personally? Or could I buy it into an LLC with me as the personal guarantor? Or buy it personally and flip it into our Trust, like we did our own personal residence?
What options are available / best to segregate, or protect my personal balance sheet from investment properties? Thanks.