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Updated 4 months ago,
What Business Structure to choose?
hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property. I now have three tenants and I lease part of one of the properties back to my business as a storage yard (so 4 streams of income). My question is ... if I would like to keep doing this or work in fix and flips or other forms of real estate investing, how should I structure an actual business? right now I manage everything using Sessa and have individual bank accounts for each property. I keep good records and have clean books. I have loans on two of the properties and am concerned that if I transfer the properties into an LLC that the loans would be called .
My Landscape company is an S Corp so I am familiar with that business structure, but I just don't know the best way to structure a real estate company. Would I be a property manager? Would I be something else? I appreciate everyone's advice.