Short Term Rental LLC/Schedule E/C Corp?

[Brian Foushee]

My wife and I own 6 airbnbs and in the process of buying a commercial property that has airbnbs on the second floor. We continue to get different answers from different CPA’s and Business attorneys about the proper channel to set up our business.

We are looking to place everything under a business for multiple reason including building buying power under the business and not just personal as well as being able to get an investment heloc on our current properties.

Looking for an expert who can advise on this.

[Chris Davidson]

@Brian Foushee have you paid the CPA's or Attorneys for their advice? Sometimes this gives you more time and a more detailed explanation. Also you need to be able to tell them what is most important to you. Cost, Protection, Taxes, etc... You have to think the attorney is probably coming from a liability perspective and the CPA coming from a tax savings perspective. 

There are many right ways to do it, you just have to find out what is the right way for you.

Keep crushing it!