Do you hold investment property under a Trust? Why or why not?

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Nathan Gesner, Broker / Property Manager (American West Realty and Management)

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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

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Sandy Padula & Norm Pa...

, CA
Susie Kay

Plano, TX
Nina Hollander, Broker

Charlotte, NC
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC
Lise Howe

Washington, DC
Nathan Gesner

Cody, WY

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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

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5

Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Debe Maxwell, CRS

Charlotte, NC
Nathan Gesner

Cody, WY

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Jay McHugh

SendOutCards-Appreciation Marketing Expert - Acton, MA

YOUR SendOutCard Mentor

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

Oct 04, 2017 04:32 AM

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5

Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Debe Maxwell, CRS

Charlotte, NC
Nathan Gesner

Cody, WY

Rainmaker
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Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

I do not.

Oct 04, 2017 04:26 AM

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5

Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC
Nathan Gesner

Cody, WY
Anthony Acosta - ALLAT...

Atlanta, GA

Rainmaker
809,258

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

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Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX
Mary Yonkers

Erie, PA

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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

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Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Pete Xavier

Pacific Palisades, CA

Rainmaker
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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

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Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

A trust demonstrates careful planning

Oct 04, 2017 05:46 AM

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Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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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

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Nathan Gesner

Cody, WY
Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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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

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4

Nathan Gesner

Cody, WY
Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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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

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Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Carol Williams

Wenatchee, WA
Debe Maxwell, CRS

Charlotte, NC

Rainmaker
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Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

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

Oct 04, 2017 05:02 AM

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4

Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC
Nathan Gesner

Cody, WY

Rainmaker
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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

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Susie Kay

Plano, TX
Mary Yonkers

Erie, PA
Debe Maxwell, CRS

Charlotte, NC
Nathan Gesner

Cody, WY

Rainer
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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

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3

Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX

Rainmaker
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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

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Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX

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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

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Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX

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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

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Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX

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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

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Nathan Gesner

Cody, WY
Debe Maxwell, CRS

Charlotte, NC
Susie Kay

Plano, TX

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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

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Nathan Gesner

Cody, WY
Susie Kay

Plano, TX
Mary Yonkers

Erie, PA

Rainmaker
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Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Oct 04, 2017 04:34 PM

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Nathan Gesner

Cody, WY
Susie Kay

Plano, TX

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

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

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Nathan Gesner

Cody, WY
Susie Kay

Plano, TX

Rainmaker
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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

Upvote

1

Nathan Gesner

Cody, WY

Rainmaker
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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

I wish....

Oct 04, 2017 10:57 PM

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Nathan Gesner

Cody, WY

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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

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Nathan Gesner

Cody, WY

Rainmaker
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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

Upvote

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Nathan Gesner

Cody, WY

Rainmaker
3,988,013

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

Upvote

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Nathan Gesner

Cody, WY

Rainer
177,546

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

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Rainer
28,800

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

Upvote

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

To maintain the assets, and to provide an income stream for my heirs.
Ours have been in an LLC. I honestly don't know anything about trusts. -Kasey
LLC's - why? For the protection and because our attorney/CPA advised us to!
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...
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
When I had property, they were all in a trust for various reasons.
Not in the past, plan to in the future...including an irrevocable trust.

Why? For favorable tax planning & asset protection.
Series LLC. Now you just reminded me that I have quite a few things to do for my invesment!
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...
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.
I don't hold investment property in any format. Not my thing and my husband is allergic to the concept.
I am just in the process of going over this issue with my atty and accountant
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.
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?
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...