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Best Business Structure for Real Estate?
Ive been investing for a few years now and have 3 properties which are STR's and all cash flow.
I own all these properties under my LLC which is the holdings and operating.
I have a bank account with Chase where all the money from these rentals is deposited which is under this same LLC and I am a single member.
Now that I am getting ready to graduate college and take investing more serious what is the best structure for me? Ive heard many different ways but I was wondering for my scenario how should I own/operate before its too late. I also want to make sure tax wise I have the best structure possible.
Thank you very much in advance and would love to connect with anyone!
@Luke Masaschi it sounds like you've already got it set up! The LLC is the business structure most use when investing in STRs.
If you're extra worried about liability you could split the 3 properties into 3 LLCs but to me this seems like a situation of "If it ain't broke don't fix it"
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