New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Experienced Agent/ New Investor/What to do with my Vacant Lot.
Hey everybody! I have been a biggerpockets fan for a while now, but just now wanting to get more involved. I have been a moderately successful real estate agent for 2 and a half years now. I am a full-time teacher in the Houston area. I have been really drawn here because I have recently aquired a vacant lot (7800+ sq ft) in Taylor, TX. about 30-45 minutes north east of Austin. It is zoned for commercial development, i've attached the examples that are allowed. This property is going to be owned by me and my 3 siblings, It is in my name now. We want to place it in an LLC or trust, so brings my questions... For financing a commercial apartment building, is it best to build it first then place it in an LLC or trust or put it in trust/llc first then build it. We dont care which direction we do it in, we just want whatever option is fiscally the smartest