Updated about 5 years ago on . Most recent reply
Trust, S-Corp, LLC, Property
Hello again BP community.
I'm new and eager to get into REI for Buy and Hold BRRRR's mainly looking for cashflow in North Eastern PA. I met someone through a meetup group, and they recommend getting my investment business setup before I actually acquire any property. Is this necessary?
He also recommended getting everything setup and the way he said I should do it is.
Getting a Land Trust, putting my S-Corp in that land trust, setting up an LLC in that S-Corp and then when I purchase my first property putting that in my LLC. Each property would then get a unique and individual LLC.
It sounds good, but not sure if I need to do all of that before getting any property. Would anybody be willing to advise me on this?
Thank you,