Alabama Rental Property: Should I start an LLC, Corp or Trust?

[Jake Snavely]

Hi! I wanted to get some opinions from fellow real estate investors in Alabama, primarily from those who have or plan to have many rental property holds. Also I’d love to hear some advice from tax professionals or attorneys. Is it better to purchase these Buy and hold rental investments in a trust, LLC, or corporation? Also I heard about a series LLC? Obviously I am worried about the tax implications but most importantly the liability. Researching this online there is so much conflicting info. Thank you in advance!

[Carl Fischer]

@Jake Snavely

I personally use trusts for anonymity 

LLCs for liability purposes as well as insurance 

And a corporation to manage the properties.  

@Lance Lvovsky is correct unless you understand what and why you are using different entities it’s hard to say which is best or how many you need and when it is best to establish them 

Use the Bp forum for ideas but Get your attorney and cpa to help you.