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Updated over 11 years ago,
Starting out...asset structuring?
I just started out investing in real estate. Until now, my assets have been simple: paycheck comes in, bills go out, throw some into savings.
Now, I have a primary that I'm using as a rental, have done a cash loan (not as a partner), and have become a partner on three 4plexes. I have a feeling this next tax year is going to be a bit more complex!
Any thoughts/recommendations as to how I might structure my assets to get the most benefit and help keep everything straight? I've read briefly about trusts, estate planning, etc., but am hoping I can get some feedback on what may/may not have worked for you.
Thanks!