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Updated almost 6 years ago,
Should I start a real estate investment business?
I have been looking into multi-family properties for the past 5 months in my area and have found a few interesting deals. I’ve come to the realization that I obviously can’t afford the downpayment for a 1-2 million dollar deal and have also been made aware that in my area if you personally own more than 4 doors you get taxed @ 50% rent income. Which is absurd if it is true. This leads me to the thought of: should I start an investment company to attract investors, and not be taxed as an individual but instead as a corporation. Also any tips from any other multi-family investors who have had success, and how did you start out? ( # of units first purchased, how you got investor money, how you came across the deal, etc...)
Thanks for any feedback.