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Updated almost 10 years ago on . Most recent reply

User Stats

76
Posts
17
Votes
Luke M.
  • Rental Property Investor
  • Brooklyn, NY
17
Votes |
76
Posts

All cash property, should I set up a trust?

Luke M.
  • Rental Property Investor
  • Brooklyn, NY
Posted
I purchase a property all-cash with my own name. I would like to have it in an LLC, but it's just not cost effective as it's in California and the $800 annual fee would kill my cash-flow. Would it be beneficial to drop it into a trust even if the closing took place in my name? It would seem that I would still be easily discoverable as the owner if it was closed in my name previously. I've read through other forum posts, but couldn't find a definitive answer.
  • Luke M.
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