How Can I Protect Mutliple Investment Props
What is the best way to protect mutliple properties, doing an LLC for each prop, creating Trusts, start an S corp.
I have several investors and they wan to buy many props and hold them longterm. Any thoughts would be appreciated
First question I have is what role are you playing here. Are you a realtor?
You say that you have several investors that want to buy properties.
If you are looking to advise these investors as what they should do....DON'T. This is giving legal advise which could land you in a whole lot of trouble. Refer them to an attorney.
If you still want the information, you should let us know more about what types of properties these are (rentals, rehabs, etc).
Also welcome to the board!!!
I would like the same info. Me and another investor want to get additional investment properties and have them protected and separated from our personal. We own a property in MA (all under his & his spouses name), which should be transferred in. We are about to purchase one in HI, then another in SC. Should we start an LLC, trusts for each prop?
I would like the same info. Me and another investor want to get additional investment properties and have them protected and separated from our personal. We own a property in MA (all under his & his spouses name), which should be transferred in. We are about to purchase one in HI, then another in SC. Should we start an LLC, trusts for each prop?
testing :-D
I agree with myfrogger on giving out advice, be careful.
That being said, here's my advice
You may want to use all of the above and insurance depending on the amount of equity in these properties and the number of them. LLC's are good to hold rental props in, land trusts are good for anonymity, but they provide no real protection if you actually get sued, S or C corps may make sense as trustees on your land trusts to claim back mgmt costs. All of this takes a lot more research to see what fits your needs. A great author on all of these is Mark Warda, he has several books on asset protection.
GL
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I am interested in this info., too.
I own SF in DE, MD, VA as keepers, but want to free up some cash and protect for future. Looking for next steps.
ballguy,
Do you invest in Myrtle Beach (or surrounding area). I have wondered what that market would be for owning a few rentals (good excuse to visit).
Ballguy, I would use one LLC if it is only a few properties, have the LLC as the beneficiary on the seperate land trusts for those properties. One land trust per property. Keep in mind that the trustee is public information, use someone with a different last name if you want some level of anonymity.
Highly reccomend Mark Warda's books on asset protection
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