All Forum Posts by: Jordan Tomala

@Denise Evans Do you suggest a better real estate strategy(structure)? My plan is investing in Alabama only, gain tax advantages(offset W2), try maintain anonymity as much as possible. Your answers are much appreciated. I already figured out the community license.

Thanks for your answer @Denise Evans. I am looking at the city of Enterprise website. It does not show any license form for long term rentals. It only shows forms for short term rentals. Can the anonymity not be at risk if the company designates its attorney to sign the mortgage documents on behalf of the company so it will be client-attorney privilege? Again, thanks for your time.

I want to start investing in real estate. I want to buy my first single family rental property in Alabama. I already secured a NQ mortgage; therefore, the deal will be closed under a LLC or land trust. I want to set a structure that provides anonymity, asset protection, and tax advantages. I already have my WY holding LLC. I would like to know if the Alabama LLC must be created as a subsidiary of my WY LLC since the business address/registered agent is in WY or I have to use an AL registered agent to create the AL LLC that is going to own and manage the property. The AL LLC will be owned by my WY LLC to keep anonymity. I am currently a W2 employee. I will also move my primary residence as the second single family rental property in the next six months. If there is a better strategy, please also comment. Thanks for your time.