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Updated about 17 years ago on . Most recent reply

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124
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Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
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realty trust or LLC?

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

i own 3 rental properties and my primary residence...i need to put the properties into a trust or LLC for more protection

i know the LLC fees are $500/yr in mass...i also plan on buying at least one or two more...

any advice on individual trusts for each property?

Most Popular Reply

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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

William Bronchick's "Wealth Protection Secrets of a Millionaire Real Estate Investor" is a good overview. He run's our local REIA, and I asked him about this same topic recently. His recommendation: put each property in a land trust, with a LLC as the beneficiary. As Eric says, trusts for privacy, LLC for protection.
Jon

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