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Updated over 5 years ago on . Most recent reply

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Nicki Hard
  • Flipper/Rehabber
  • New York City, NY
3
Votes |
9
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Purchasing Property Under A LLC

Nicki Hard
  • Flipper/Rehabber
  • New York City, NY
Posted

Hello,

I am new to BP and investing in Real Estate as a whole.

I was told that creating a Holding Company and having a Operating company under that as another LLC is the way to go when I start to purchase property.

What I'm confused about is S Corp vs C Corp and which one is taxed better? Which one should my holding and operating LLC fall under? S or C Corp and why? I would like to pay less taxes so please can someone help point me in the right direction? I would forever be grateful!

Most Popular Reply

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1,217
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933
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Mike S.
  • Investor
  • Broward County, FL
933
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1,217
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Mike S.
  • Investor
  • Broward County, FL
Replied
I would suggest that you start watching all the videos on this youtube channel. There are a few lawyer's names that came back often on this forum, I am not recommending anyone but I would suggest that you use their free consultation offers to decide which one will be the best fit. As I said before, to make the most of it, I would highly recommend that you educate yourself on the subject first.

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