How should I hold my property? - Posted by Levi

import · August 4, 2005, 12:54pm

Posted by Levi on August 05, 2005 at 08:02:04:

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import · August 4, 2005, 12:54pm

Posted by Levi on August 04, 2005 at 12:54:38:

I bought my first SFH investment a few months ago and rehabbed it. I will probably sell it on some type of rent-to-own program. The house is currently in my name. What type of entity should be created to put the house in for asset & legal protection?

import · August 5, 2005, 10:37am

Re: How should I hold my property? - Posted by Randy (SD)

Posted by Randy (SD) on August 05, 2005 at 10:37:51:

Land Trust = Anonymity
LLC= Liability insulation (if someone sues, they only attach the assets of the LLC. UNLESS you do something criminal). Or consider both, the property in a LT with beneficial interest held by the LLC?

import · August 5, 2005, 10:35am

Re: How should I hold my property? - Posted by Don

Posted by Don on August 05, 2005 at 10:35:15:

Land trust. For additional protection, you can make your LLC a beneficiary of the land trust.