Ownership setup when investing in multifamily buildings?

[Nick Alexander]

I would like to know the best way to set up LLC's for the purchases. Does it make sense to open a Nevada or Delaware corporation? What are the best steps when one is ready to buy a property to preserve anonymity, keep personal and investment assets separate while also setting it up correctly for a long term hold?

Additionally, given where rates are today, would it be correct in assuming that it would be best to put down as little as possible so as to maximize cash on hand vs lending value?