Setting Up Real Estate Trust

Summary

To set up a trust as a business for expanding real estate, consider establishing a Real Estate Investment Trust (REIT) or creating a Limited Liability Company (LLC). Consult a local legal expert or real estate attorney to understand the implications in your jurisdiction.

Full Conversation

My duplex is in a trust. I'm going to take a loan against my duplex to purchase a new one. What is the best way to set up the trust as a business in expanding my real estate?
Hello ****, before providing any guidance, could you please let me know the jurisdiction where this property is located? Legal regulations can vary based on location.
Charlotte County, Florence
Hello ****, to set up a trust as a business, you can consider:
- Establishing a Real Estate Investment Trust (REIT)
- Creating a Limited Liability Company (LLC)
Please consult a local legal expert or real estate attorney to understand the implications in your jurisdiction.