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Updated about 4 years ago on . Most recent reply
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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?