Updated about 7 years ago on . Most recent reply
Creating an LLC or Trust for investment properties
Hello BP. I was advised by a seasoned real estate investment to create different Trusts for all on my investment properties instead of using an LLC ? The investor makes himself the executor of each trust. For example if he bought a property at 123 main street, the trust would be called 123 Main street trust. Does anyone have any experience with this? Thanks in advance
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The trust won't do anything to protect you from liability and if you are the trustee, it also won't protect your anonymity. You need to check with @Scott Smith. He has a bunch of blogs on here about this and related topics.