Most beneficial Structure?
Hello-
I am a new investor looking for some help. I am currently under negotiation to buy my first property. This is a rehab that I plan to wholesale but if no quick buyer is found I may fix it up myself and rent it out. My question is how to structure the deal using my current resources. I currently operate an LLC that is in the business of high end consignment sales. I have also set up a corporation for the purposes of holding real estate investments. I am planning to wholesale properties in the future and was wondering how I should use my company entites in order to gain the most benefit and asset protection? Also there may be times where I hold on to a few properties for rentals.
1.) Should I use the LLC for all title holding purposes?
2.) Should I use the corporation for all title holding purposes?
3.) Should I set up a separate LLC each property I buy?
4.) Should I set up a land trust using the corporation as trustee and the LLC as beneficiary?
5.) Other suggestions?
Any suggestions are very much appreciated.
Thanks-
Chris
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