Business Setup Question
My friend and I are looking to start investing in real estate. We are going to be primarily focused on rental properties and eventually move into other strategies. What is the best way to go? LLC, S Corp, other? We are trying to balance legal, taxes, getting good mortgage rates, etc. Thanks in advance for your response.
Generally speaking here:
LLC's are good when buying rentals.
S-Corp's are good when flipping.
[ Edited by nebulousd on Date 03/30/2004 ]
LLC's are also easier to manage for tax purposes.
Please see my article:
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=452
I have head that LLCs get killed rate wise when going to get loans. True?