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Updated over 4 years ago, 06/15/2020
How to you structure your REI business/es?
Generally question when looking to protect yourself (personal liability) from your investments (Rentals). Share your experiences or things you do. Do you have a holding company? S or C Corp? Just an LLC?
I am also curious about expenses, reserves, and the financial side of your business. Each property has a checking account for your reserves, repairs, capex, etc. Do you just invest in a good CPA? How many properties do you need for a CPA to be worth it?
Curious on everyone experiences good or bad and general input, thanks BP!
Context on my journey: Currently house hacking a duplex with an FHA loan and looking into my next house hack in the next 6 months and want to make sure I am setting my self up for success on the business side of investing. I believe I analyze deals well and know what I want on the buying and management side of REI but could LEARN ALOT on the business structure side, the tax side, and the accounting side of REI.