California Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
First deal in progress nervous!
Hello,
I'm new to the real estate investing business but very excited to finally get started.
I'm looking to buy a home in Houston Tx to use as a rental property. (I reside in CA)
I have a few questions;
1. If the deal finalizes when I'm about to close do I first have the property under my name?
I've been told that this is how the flow should go;
A. Buy under your name
B. At escrow/title company put property under a land trust.
C. Then transfer to a LLC in state you reside. ( my case CA)
D. Then put in a secondary LLC
E. Then to a Family Limited Partnership
F. Then finally put in a trust
This was also mentioned to me if I owned multiple properties but another question I have is that if I should follow this model from the beginning?
Thank you in advance for all your help!
Most Popular Reply

No. Don't do this. Talk to an attorney. If the attorney tells you to do this, talk to a different attorney. Before you act, run the proposed structure by your CPA.