Buying & Selling Real Estate
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 over 9 years ago,
SFH purchase with extra land to build RV PARK
I'm looking at a house that could be flipped and held.
I'd also like to have the extra acreage it has and block it off for RV's to come and hook up, I'm however confused on if I should purchase this property as an LLC(which I haven't created yet) or if I should buy it as my personal estate and just rent out sections of land. I foresee this being an issue because I'm collecting an income from the property. Since I'm not a business however I already have a few other properties I'm renting out...suggestions/thoughts?