Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

13
Posts
0
Votes
Joel Senko
0
Votes |
13
Posts

Should I start a real estate investment business?

Joel Senko
Posted

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.

Loading replies...