Tax, SDIRAs & Cost Segregation
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 almost 12 years ago,
Business Entities?
Hello biggerpockets!
Alyssa Craft and I went to an accountant this morning, who suggested that we do all our business structures as LLCs.
When I asked about Land Trusts, he didn't know anything about them...
He suggested using one LLC for three or four properties, then putting new properties in a different LLC...
I have two questions: How do you currently structure your business?
Should I talk with a different CPA? Or was that good advice?
The Guru's saleswoman this last weekend really suggested land trusts... and this CPA is saying that anyone he has as a client who do real estate investing don't use them...
Thoughts?
THanks,
Cody