Holding of Real Estate?
What is the best vehicle to hold real estate for protection and taxes? The vehicle I should use to hold my home?
I can’t answer the tax question for you because it is going to tie directly into your whole financial picture, so it would be good to consult with your accountant. As far as protection, if this is an investment property, you can hold it in an LLC. Some people put property in a realty trust and others put it in a spouses name. Anything that puts a hedge between you and your personal assets provides protection for personal assets if you’re sued. It might be worth it to have a session with an attorney who can give you answers based on your specific circumstances.
If you decide on the LLC route, here’s an article on how to start one.