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All Forum Posts by: Phillip Flakes

Phillip Flakes has started 1 posts and replied 3 times.

Short-Term & Vacation Rental Discussions

Post: STR in Cape Cod, MA

Phillip Flakes
Pro Member
Posted
  • Posts 3
  • Votes 1
Quote from @Mike Shemp:

@Phillip Flakes

My brother owns in Cape Cod, and he is registered too and not in and LLC.

Hope that helps.

Mike

 Thanks @Mike Shemp

0 Votes
Short-Term & Vacation Rental Discussions

Post: STR in Cape Cod, MA

Phillip Flakes
Pro Member
Posted
  • Posts 3
  • Votes 1

Thanks @Sarah Kensinger

1 Vote
Short-Term & Vacation Rental Discussions

Post: STR in Cape Cod, MA

Phillip Flakes
Pro Member
Posted
  • Posts 3
  • Votes 1

Hi BiggerPockets Community!

I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. It seems like MA encourages (and maybe even requires) that you register with the Department of Revenue which leads me to believe it should be held in an LLC or business.

Anyone have experience, insights, etc on STR's in MA and how is property held and why?


Thanks in advance for any replies.

0 Votes