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Updated 8 months ago,
New to real estate
I am new to real estate investing, I have not talked to a lender for pre-approval because I am in the beginning stages of learning.
What is the best business structure to use for a rental property business, Sole Proprietor, LLC , or corporation? Asking this because in the book The Book on Rental Property Investment, he says that the bank won't lend to an entity for residential properties. I would like the tax benefits of the entity and want the business to run professionally and legally. What's the best the way to do that? Are there any recommended books on how to structure the business for rental properties? I guess the question is, how do I structure this business successfully?
Thank you all for your answers and your time.