Seeking a CPA and RE Attorney in Lehigh Valley/Philadelphia Area

[Kyle Lauriano]

Hi All, 

I am looking to get obtain critical legal advice while creating a key team around me moving forward in the buy and hold real estate process. 

I have some questions on the methods of utilizing an LLC while investing, as well as, what are some of the best strategies for leveraging assets, lowing risk, etc.

Please let me know if you may be interested or know anyone you can refer to me! 

Thanks,

[Scott Smith]

Hi Kyle,

Have you considered setting up at Series LLC for your buy/holds? This type of asset protection dos not need to be created in the state in which you reside nor the state that the properties lie. This makes it very easy to add or remove properties or other assets from the structure.

A Series LLC is a type of limited liability company that is utilized to protect and separate assets. Think of the Series LLC as the parent LLC and the individual series as the children. Each individual child series holds an individual asset.

When the property is transferred correctly, the property will be owned by the Land Trust, which in turn flows to the individual child Series, as Beneficiary of the Land Trust, and then finally flows to the parent Series LLC, as Member of the individual child Series.

The Series LLC has benefits in lawsuit prevention, separation of assets, cost savings, and tax benefits. Please send me a personal message if you have any additional questions. I would be happy to explain this process in more detail.

Best of luck!

Scott Smith