All Forum Posts by: Lua Jambeiro

Hi everyone,

I'm not sure in which category to post this question, but I'm about to create an LLC with a friend for real estate investing and am debating whether we should elect to be taxed as an S-corp or not. I've been doing a lot of research on this and it seems being taxed as an S-corp is the way to go, but since we are just starting and haven't bought any real estate yet, I was wondering if we should or not. Because I also read that with S-corps we have to pay ourselves a salary, there's more reporting that needs to be done and etc. So just wanted to hear some feedback from other real estate investors.

Hi everyone,

I'm not sure in which category to post this question, but I'm about to create an LLC with a friend for real estate investing and am debating whether we should elect to be taxed as an S-corp or not. I've been doing a lot of research on this and it seems being taxed as an S-corp is the way to go, but since we are just starting and haven't bought any real estate yet, I was wondering if we should or not. Because I also read that with S-corps we have to pay ourselves a salary, there's more reporting that needs to be done and etc. So just wanted to hear some feedback from other real estate investors.

Thanks everyone for the input. The reason I was thinking of Orlando/Tampa is that as this will be my first investment property I wanted to be relatively close to it. Even though I'm going to use a property management company to manage the property, if anything were to happen that needed my presence it's a quick drive up from Miami to Orlando or Tampa. Jax is too far for me. 

I was looking at some condos in Downtown Orlando because I heard that they're getting a new campus or something like that soon which could possibly raise prices and help with price appreciation...? I've also heard that Downtown Tampa and St. Pete have been growing. But then others also told me that Winter Haven, Davenport or Lakeland would be safer bets. 

But yes, still kind of new to this. For my first one I intend to pay in cash and get a newer condo/townhouse with little maintenance needed for around $140k, renting it out long-term and selling if and when the comps in the area are higher. I know my options are limited but I've seen some out there. Now it's just a matter of trying to predict the best location to get the most out of my investment.

Hi Charles. I currently live in Miami, where I don't think there are many good opportunities at the moment, which is why I'm looking elsewhere in Florida. So I would have to hire a management company and it would be buy and hold (3-5 years is my initial intention). 

Hi everyone. Looking to purchase my investment property in Florida and was wondering where the best markets are right now.. My idea is to buy and hold for 3-5 years, renting long-term in the meantime and hopefully get some good valuation on it. Not sure if I'm too late for Orlando? Any suggestions?

Hi everyone. Looking to purchase my investment property in Florida and was wondering where the best markets are right now.. My idea is to buy and hold for 3-5 years, renting long-term in the meantime and hopefully get some good valuation on it. Not sure if I'm too late for Orlando? Any suggestions?