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Updated over 5 years ago,
How to Structure Real Estate Company
Hello Everyone,
I am in the process of starting a company and was curious what the community recommended as the best way to form/structure a business?
My Situation:
I currently own one home as a rental in my own name and are mainly looking at long term cash flow properties as I grow my portfolio. I want to limit my personal liability while maximizing my freedom to conduct my business as I see fit. The way I envision it, which could change, is I would have one holding company (this would become my brand) holding several smaller companies (most likely LLC's). Each LLC would own a single property so as to limit ones affect on any other property. From my understanding you really don't want to reuse LLC's so each time I buy a property a new LLC would be created.
Question:
Any recommendations on how to structure it, such as S-Corp vs. LLC? Series LLC, etc?