LLC, LLP, Corporation, Trust, ????????????
I have decided to become a REI, and my plan calls for buying and holding as many rental properties, as I possibly can, and have a Management Company run them for me.
Is it better to hold these properties as personal holdings, or should I form a LLC, LLP, Corporation, Trust, Etc, for all properties, or form a separate entity for each piece of property individually? Would I have to buy each property personally then transfer it, because of financing, or would I be able to have the entity purchase? What would be the pro's and cons of each scenario. Any guidance would be greatly appreciated, or if anyone knows of a book that I could buy that address these questions, please post the title.
Thanks
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