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Updated almost 12 years ago,

User Stats

58
Posts
8
Votes
Cody C.
  • Central Point, OR
8
Votes |
58
Posts

Business Entities?

Cody C.
  • Central Point, OR
Posted

Hello biggerpockets!

Alyssa Craft and I went to an accountant this morning, who suggested that we do all our business structures as LLCs.

When I asked about Land Trusts, he didn't know anything about them...

He suggested using one LLC for three or four properties, then putting new properties in a different LLC...

I have two questions: How do you currently structure your business?

Should I talk with a different CPA? Or was that good advice?

The Guru's saleswoman this last weekend really suggested land trusts... and this CPA is saying that anyone he has as a client who do real estate investing don't use them...

Thoughts?

THanks,
Cody

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