Trust beneficiary LLC? - Posted by Jerry - IL

Real Estate Investing
1

Posted by Jerry - IL on August 14, 2003 at 22:11:33:

  1. I’m talking about 3 trusts and 1 LLC being the benficiary.
  2. The buyer takes the title at closing in the name of the trust. The owner of record is the trust.
  3. That’s exactly what I’m struggling with right now. I’m getting a mortgage and the lender wants to loan to me, not the trust, so I would lose my anonymity. That’s something I was hoping could be answered on the board.
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Trust beneficiary LLC? - Posted by Jerry - IL

Posted by Jerry - IL on August 13, 2003 at 22:52:07:

If you have three rental houses, is it best to have each house in a separate trust and make an LLC the beneficiary?

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Re: Trust beneficiary LLC? - Posted by NRP

Posted by NRP on August 14, 2003 at 21:05:31:

Follow up questions:

  1. Do you create 3 trusts and 3 LLCs?
  2. How do you transfer title from the seller to buyer to protect the anonimity of buyer?
  3. How is the answer to question #2 impacted when the buyer is an individual (in order to get a personal mortgage) but subsequently transfers title to an LLC?