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Updated almost 3 years ago,

User Stats

5
Posts
2
Votes
Rachael Beissel
  • New to Real Estate
2
Votes |
5
Posts

Is it a bad idea to put rental real estate into a corporation?

Rachael Beissel
  • New to Real Estate
Posted

Hi BP community!

I am a super newbie, and am learning all about the real estate investing world. Recently, when reading Rich Dad Poor Dad, Robert says "My rich dad just played the game smart, and he did it through corporations- the biggest secret of the rich" ch. 4, and talks about what a corporation is, and the benefits/ protections offered by a corporation.

When listening to BP podcast episode 569, where David interviews Tom Wheelright, Tom says it is a bad idea to put rental RE into a corporation. However, doesn't go into anymore detail than that. 

Does anyone have any insight into these differing opinions? 

At this point in my RE investing, I am so small and local to my area, I don't see a corporation as something I'd be seriously looking into right now, anyway. Just curious, looking for some input, or feedback to this question. 

Thanks!

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