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Updated 11 months ago,
LLC and Land Trust formation
Hello all,
I am wondering what the pros and cons are to setting up an LLC for purchasing rental properties. In my research I hear that one of the best structures for asset protection is to setup one LLC per property. I understand the protection it provides, but there has to be a simplified way of doing this. I've heard about land trusts paired with LLCs, and was curious if someone could shine some light on the structuring, and formation process for this.
On a side note, if anyone knows of or is an attorney specializing in this topic, please DM me I'd love to pick your brain or setup a legal consultation.