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Updated over 7 years ago,
OH NO ! Too much money !!
Haha. Just kidding. I wish I had this problem. But....
I am looking for ways to get money out of my business ( construction) and into real estate without getting pummeled by taxes.
My accountant mentioned to have the business "rent" my work vehicle from me, and to make sure I am tracking all expenses. But nothing specific to say paying for a cheap house, or maybe a down payment on a rental property.
Additional info ... I don't want the construction Corp to own the SFR, or MFR because of the liablity I run into on jobs. I do have a single family and a duplex, in my personal name currently, looking to start an entity for future purchases and possibly transfer the current into.
Thank you in advanced to your ideas and guidance.