best way to structure a real estate investment company for taxes

[Courtney Redfern]

Hi. I am a relatively new buy-and-hold investor who owns two properties in my own name and two in LLCs with partners. I am continually searching for new opportunities, but suspect when I find them I will continue to own them as LLCs. I incur expenses in finding these properties-- subscribing to various things, driving all over, attending networking events, taking people out to lunch.... These expenses can't be tied to a particular property because it's all speculative until I find a deal... how can I write off these expenses? All advice appreciated.

[Tina Tsysh]

Create a holding property that holds all of the other LLCs in it. Those expenses can easily be written off through the main holding company.