How To Take Title?
Our primary our first investment project. We have made out well, putting the house up for sale within the next two weeks. My question is, as we begin to buy properties that ARE NOT our primary residence that may be flipped or rented should we form a business entity, i.e an LLC? Or take title in a certain way. We did a lot of research about land trusts and the protections and privacy they provide, but we are moving to Texas and are not sure about this issue. If anyone has any imput it would be greatly appreciated.
LLC's are the best vehicle for taking title of real estate and provides better protection for you as an investor.
A land trust as a whole is not a business entity it simply provides an additional layer of protection.
See
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=397&mode=nested&order=1&thold=-1
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=368&mode=nested&order=1&thold=-1
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=293&mode=nested&order=1&thold=-1
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=181&mode=nested&order=1&thold=-1
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