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re: Any real estate investors?

Posted on 10/12/12 at 10:30 am to
Posted by tigeralum06
Member since Oct 2007
2807 posts
Posted on 10/12/12 at 10:30 am to
Create an llc partnership. Than an llc taxed as a disregarded entity for each property. Report all activity on partnership return.

If not married or no partner, create scorp llc as management company which will be the other partner.


Posted by bigblake
Member since Jun 2011
2519 posts
Posted on 10/12/12 at 2:38 pm to
(no message)
This post was edited on 4/6/13 at 1:26 pm
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6285 posts
Posted on 10/12/12 at 3:47 pm to
Still passive income whether he chooses disregarded entity or not.
Posted by BullredsRus
Baton Rouge
Member since Aug 2007
754 posts
Posted on 10/13/12 at 8:04 am to
Why an llc partnership vs a single member llc?

Also, a single member llc is treated as a disregarded entity as far as taxes go right?

Someone else told me to buy it in my name, and to get an umbrella policy also in my name. Then create a property management company and create an llc for that and to run everything through the llc as an S Corp.

I just want to do it right from the start, and to understand the benefits of why I'm doing it that particular way.
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