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Reply with quote | #1 |
We live in Texas and are looking to invest in multi-family properties. Should we get an LLC in Wyoming or Nevada to hold these properties? Or should we get an LLC in Texas? Please advise us on the best entity for holding real estate in Texas. Thank you. |
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Reply with quote | #2 |
The answer depends upon how much equity will be in the properties and what your personal liability exposure is like. Wyoming and Nevada both have strong charging orders that protect the equity of your investment from your personal liability. If this is not a concern, setting up a Texas entity would be simpler and would protect your individual selves from any liability associated with ownership of the properties. Please give our office a call if you need any further clarification or assistance with setting up the structure. 1-800-700-1430 |
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