I wanted to get some feedback generated on what type of business you think would be the best option for this.

Also why you think it is the best option.

I am looking for the business type on this such as LLC.

Thanks for your feedback :-)

For liability purposes I think an LLC is the way to go. Luckily, you can be a corporation of one

Yeah I think it is a safe way to start too. But it will be interesting to see other opinions and reasons. We might just catch an advantage we never knew of.

Take title to each property in a land trust. Your LLC is then the beneficiary of the land trust.

Greg, what is the main purpose for the formation of this entity? Asset protection? Privacy? Both? To go public one day?

It may be best to get an insurance policy
for liability but maximize privacy through a trust of some sort.

I don't like single owner LLCs or corporations for the simple fact that no corporation or LLC can protect you against suits for negligence. It's easy to get sued these days for negligence when you are in real estate.

My preferred entity is a revocable trust with LLC as beneficiary for long term holding. For short term it's C corp ie..flips.

Ok now that makes sense Paul.

You are an investor yourself right? Were you the one who posted that you rarely use financing for your investments?

I am looking to see a first hand expirience from someone whom invests this way and see how difficult the financing side has been for you. When you buy the property when you have a trust and llc as beneficiary what name is used on the financing end?

I have yet to run into an investor in lending that has done it this way so I am actualy unsure of the lending end.

Do you just do it under your name to obtain financing?

I did some searches and looks like there is a topic from 10/04 that may cover it. Let me look it over and see if I can thing of any additional questions.

Ok I am clear on the Land Trust and LLC.

Just need clarification on the financing end.

Jaber,

A question about this strategy. Wouldn't this type of setup cause your LLC to go through probate and be subject to court appointed guardianship? What do you use in addition to this for estate planning purposes?

You need to setup a land trust which is a form of living trust. No probate needed.