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Updated almost 12 years ago,
Rental investment age old question!!
New to this forum, what i've seen this is an awesome resource... So here it goes, question about how to structure the rental property; llc, land trust, personally own with umbrella? I have saw he threads on here about this subject, but the more i read the more i go back and forth on it. So, below is the situation, hopefully based on it you all will see the clear way to go!
First property, im 25
going into business with mother
property consists of 3 houses, 7 single wide mobile homes.. all 10 dwellings on same piece of land
will be financing (as little down as possible to max leverage)
net worth is < 30k
thats the deets!!! let me know what you think, if more info is needed let me know