Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Is it a bad idea to put rental real estate into a corporation?
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!