What form of business structure do you recommend for real estate investing?
I’m an individual who will be buying rental properties, and buying properties that I will flip. I plan to hold each rental through a separate legal entitity (LLC) which will be owned by another legal (“parent, if you will) entity (LLC) to protect me and each property from the liabilities of the others.
Is that the strategy you would recommend? LLC for each property with each LLC owned by a common LLC? Or would you suggest that the common company be an “S” Corp? If so, why?
Also, what about properties I’m flipping? Do you think they should also be held by an LLC?
Thanks!!!
Chuck
There are investment advisors who specialize in real estate investing. You might also consider contacting a specialist who does Real Estate Investment Trusts (REITs). They can advise you on how to do this properly. You might also ask them about a “1031 exchange”, which is a type of real estate transaction where you sell a rental property, only to reinvest the sales proceeds into another rental property.
flipping houses – title companies suck
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