Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
What business type should I use?
I've been looking into the local real estate market in the Philadelphia area, and believe I'm at the point where I'd like to create a true company dedicated to my real estate side hustle. As it stands right now, my plan is to pursue wholesaling first, and use the profits from that to purchase multi-family rental properties. Does anyone have any recommendations on what business structure to use? i.e. LLC, S-Corp, etc.
One of the kickers with this is that in a year or two, I'd like to branch out into the Florida market. Is there a specific strategy I should follow when starting the company that will allow business to be conducted in multiple states?