Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Matthew Klegon
  • New York, NY
0
Votes |
8
Posts

Structuring for tax//legal/asset protection...and life control

Matthew Klegon
  • New York, NY
Posted

Hi BP - I currently live (rent) and work in NYC but want to (i) house hack, and maybe down the road invest further, in New Jersey, (ii) invest with 2 people in multifamily properties in Massachusetts, one of which has a family connection to a property manger and contractor we will use, and (iii) have my own consulting business on the side, not related to real estate (but, in addition to active income, to use for a home office tax credit and other business expense write-offs, etc). I have a good but demanding job now but want to begin the transition into a more entrepreneurial lifestyle where I have more control over my life, time and finances. 

What is the best way to structure this from a taxation/estate planning/legal/asset protection viewpoint? Entities, states...whatever information or resources is appreciated. I have seen many different answers to this questions (e.g. Cook Islands trusts!) so I am curious if any trends in advice emerge. 

Thank you all in advance!

Loading replies...