Brand new investor; just bought 2 properties!!S corp or LLC ??

[Tsering Lhamo]

Hi all,

I can’t believe I made my first post in September on BP and now closing on 2 properties out of state!!! Excited about the fun journey of Real estate investing!!

I have a question regarding asset protection and tax benefits. Should I do S corp or LLC to run my real estate investing business? I want to have personal asset protection as well as the maximum tax benefits. Kindly advise. Thanks 🙏!

Best,

Tsering Lhamo.

[Sean O'Keefe]

Quote from @Tsering Lhamo:

Hello Mohammed and thank you for your reply. Do you have an LLC set up or can you refer me a good CPA/ attorney you use? Thanks much and will try to attend one of your meet ups for a chat sometimes ! I live in the neighborhood.

@Tsering Lhamo generally, if you are planning to buy and hold you'll use an LLC. Investors that flip properties usually have an S-Corp.
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*This post does not create a CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.