Note: I am not a lawyer. I recommend that you seek the advice of a competent lawyer when deciding on which entity to use when growing your real estate empire.
What is the best way to hold Real Estate? I have purchased a lot of properties and most of them have been held in LLC’s. I have had as many as 20 properties in my own name too. I have clients who hold property in S corporations. I have clients who hold property in trusts. I have clients who hold property in partnerships – limited and general
The two easiest ways to hold property are in your own name and in an LLC. LLC is short for Limited Liability Corporation. Liability to you personally is limited because the underlying asset, your rental property, is held under a tax identification number that is separate and unique from your social security number.
So, other people and entities including government entities, particularly the courts, see an
LLC as another individual. It is taxed separately at the state level and any tax burden can be passed through to you personally at the federal level. Then you would include any income or loss of the separate LLC on your personal income tax statement.
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