Hey all,
I was wondering if anyone out there has any good insight as far as ownership is concerned. I don’t know if I should form an LLC or Trust. I have read that it is difficult to put property in an LLC because the bank is aware of the shelters it provides, etc.
Can anyone help out?
Thanks!
Aaron
You have to provide more info to get the answer you’re seeking. Is this property your personal residence or is it an investment property? People hold Real Estate in LLCs all the time when those properties are used for investment.
We need much more information. Trusts and LLCs are appropriate for certain circumstances and inappropriate for others. The correct answer depends on your situation.
Saying that, the typical investor can get by as a sole-proprietor for many years before planning is needed.