Section 8 Renter
i am loking at a property in the desert area,,,,i may be a ble to split the property into two lots but the existing house has a section 8 renter that wants to stay if i buy it,,,that is ok with me but i am not familiar at all with section 8 renters ,,,any info or advise???
[addsig]
thats a great help,,,thanks
thanks for the info,,,,
Find a competent Real Estate Attorney and a competent Accountant that deals with investment properties in your area. Consult with both of them on how to protect your assets while maximizing the tax benefits. Tailor a plan to your needs/desires.
If you were wondering how to find such people and where to find local investment property info, I would recommend joining a Property Owners Association/Club or Real Estate Investors Group/Club.
Several local attorneys have told me that all Corporation types (Sub-chapter S, C, LLC) offer the same liability protection. In my state we can also use trusts, which offer the same level of liability protection but are less costly to set up and manage.