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Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We went with LLCs although many of my investors do trusts. We prefer the protection that an LLC gives us.

Oct 04, 2017 04:57 AM
Ambassador
2,704,537
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Yes.

   To maintain the assets, and to provide an income stream for my heirs.

Oct 04, 2017 04:43 AM
Rainer
370,315
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Acton, MA
YOUR SendOutCard Mentor

Yes....tax benefits and liability benefits....

Oct 04, 2017 04:32 AM
Rainmaker
2,229,820
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do not.

Oct 04, 2017 04:26 AM
Rainmaker
809,308
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Ours have been in an LLC. I honestly don't know anything about trusts. -Kasey

Oct 04, 2017 07:07 AM
Ambassador
5,474,939
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

LLC's - why? For the protection and because our attorney/CPA advised us to!

Oct 04, 2017 06:09 AM
Rainmaker
2,437,522
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

each of my investment properties is in a separate LLC

Oct 04, 2017 06:02 AM
Rainmaker
3,074,289
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

A trust demonstrates careful planning

Oct 04, 2017 05:46 AM
Rainmaker
4,800,282
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If I had some, I would.  Tax and probate reasons.

Oct 04, 2017 05:44 AM
Rainmaker
5,584,478
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I have a trust for the my investment property ( I have one remaining) and the home I live in.... for liability .... but I also have an umbrella policy for that too...

Oct 04, 2017 05:30 AM
Rainmaker
3,416,372
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I use both trusts and LLC's depending on if it is a short or long term investment and any risk. I like long term investments to have their own trust

Oct 04, 2017 05:21 AM
Rainmaker
5,460,208
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

When I had property, they were all in a trust for various reasons.

Oct 04, 2017 05:02 AM
Rainmaker
981,084
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Not in the past, plan to in the future...including an irrevocable trust.

Why? For favorable tax planning & asset protection.

Oct 04, 2017 04:53 AM
Rainer
509,499
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Series LLC.  Now you just reminded me that I have quite a few things to do for my invesment!

Oct 04, 2017 05:39 PM
Rainmaker
1,535,414
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have all my properties in my trust.  For CA Probate it needs to be in one to be easy.  Of course now I need heirs...

Oct 04, 2017 10:36 AM
Ambassador
3,421,649
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

LLC. I believe can be set up to flow to a separate trust upon death.  My clients are in the process of working with an attorney to get this all set up.

Oct 04, 2017 09:23 AM
Rainmaker
1,007,423
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

No, it's all financed so no trust atm

Oct 04, 2017 08:23 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Simple answer, No. Why? No good reason.

Oct 04, 2017 08:04 AM
Ambassador
6,662,159
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We have not so far.

Oct 04, 2017 07:34 AM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Oct 04, 2017 04:34 PM
Rainmaker
5,288,738
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

I don't hold investment property in any format. Not my thing and my husband is allergic to the concept.

Oct 04, 2017 11:28 AM
Rainmaker
1,749,577
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

As Joe Pryor wrote. Sound advice

Oct 06, 2017 07:42 AM
Rainmaker
4,322,035
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

I wish....

Oct 04, 2017 10:57 PM
Ambassador
3,210,559
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope, a corporation

Oct 04, 2017 09:52 PM
Rainmaker
3,986,473
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am just in the process of going over this issue with my atty and accountant

Oct 04, 2017 07:09 PM
Rainmaker
3,988,138
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We do not. We worked with an estate planner and she didn't suggest it for us based on how we wanted to control the properties.

Oct 04, 2017 06:15 PM
Rainer
177,646
Cheryl Dukes . . . . . Intown Atlanta
Guaranteed Offer for your Home - eXp realty - Atlanta, GA

I use LLC's. That's because I just don't know anything about trusts or what their purpose is. Anyone care to explain this?

Nov 03, 2017 05:50 AM
Rainer
28,850
Corey Vandenberg
Success Mortgage Partners - Lafayette, IN
More home mortgage loan options!

Do you want the trust sued when someone falls off the roof, or trips on the sidewalk? Your “heirs” will have a lawsuit pending before they get their inheritance!
LLC has been chosen for that reason by many, can be “passed on” while protecting rest of estate.
Consult a lawyer, fees alone on setting up different trusts (compared to LLC’s) will likely help you make your decision easier...

Nov 03, 2017 04:24 AM