Business structure advice for newbie

[George Skelton]

I'm a new REI and would like some advice (or at least hear how everyone else is doing it), on what type of business structure people are using for their real estate investing. Let me say my plan is to focus on apartment buildings (5+ units) , if that info has any bearing on the decision.

For those concerned about the legality of giving such advice, I will in NO WAY take your "experiences" as "legal advice".  I want to understand what people are doing and perhaps why so I can decide which route I may go.  I've recently moved to my area (Huntersville, NC) and am in the process of interviewing some accountants  to become my new personal (and future business) accountant.  I will make my decision after listening to various sources and won't hold anyone responsible for their suggestions; so please don't hold back.

I was advised by a business coach a few years ago that corporations were the best way to go because of tax advantages and liability protection, but that discussion was focused on buying a business and NOT on real estate investing.  So I don't know if the same advice holds for the real estate investing business.  My goal is buy & hold long term my niche of apartment buildings with an eye on the North & South Carolina markets.

Thanks in advance for your help/discussion.

[Paul Timmins]

@George Skelton 

You want to speak with a real estate CPA who can advise on the best legal entity as well as give you tax strategies.

I can PM you a referral if you want.

Paul