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Updated about 9 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Alex Heckaman
  • Contractor
  • Kalamazoo, MI
2
Votes |
17
Posts

Entity Setup?

Alex Heckaman
  • Contractor
  • Kalamazoo, MI
Posted

I am just beginning my REI company and am looking for advice on what entity to set up. I have read about individuals opening 2 LLC's and an S Corp, however with me being brand new to this and not at a rental stage, I am wondering what is my best option? I am hoping to Wholesale, Wholesale Assign, and Hold-Rehab-Resell...

Most Popular Reply

User Stats

133
Posts
78
Votes
Jarred Sleeth
  • Investor
  • Austin, TX
78
Votes |
133
Posts
Jarred Sleeth
  • Investor
  • Austin, TX
Replied

Alex,

Welcome to BP! What you'll absolutely need to do is consult a real estate attorney and a CPA. Every persons situation will be different and there are plenty of ways to go about this. In order to determine what's best for you and your goals, you should consult the experts in your circle. 

If you need help finding qualified professionals in your area, I would try to go to some local real estate investing meetup groups and ask around. 

Good luck!

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