Get started, buy and hold questions.

[Tristan S.]

Hello all,

I am a new investor from Houston, Tx. I plan on acquiring my first rental property within a few months if everything goes well.

I have some questions regarding the ownership of a rental property :

- whenever you collect rent, will you have to pay federal income tax on the rents ?

- Is it easier to create a corporation (LLC) if my plan is to acquire multiple properties in the future ? If yes, how does the process work ? are the house at my name or the llc name ? what is the situation regarding taxes ?

For investing purposes, would you recommend getting a real estate licence to have full access to the MLS. How much does it cost to have an active licence in the state of Texas per year ?

Thank you all for your help.