Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 8 months ago,

User Stats

7
Posts
3
Votes
J Shoe
3
Votes |
7
Posts

LLC or Trust?

J Shoe
Posted

I am looking to purchase a 10 unit apartment. Should I purchase it in an LLC or a Trust? I am a little confused as to which entity to place it in and how. Do I purchase it in the name of the LLC and then quit claim it to the Trust, and, if so, are there any consequences? As far as getting financing - is it easier to get financing in the LLC or Trust? If I purchase in the name of the LLC and move it into the trust then the LLC no longer owns the property (mortgage) and are there tax consequences for the LLC to do this and should I dissolve the LLC? Is there a better way to structure this? Any help is appreciated.

Loading replies...