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All Forum Posts by: Marlon C. Belfon

Marlon C. Belfon has started 2 posts and replied 3 times.

I'm looking for the best option for collecting rent and property management. Whats the best software to help in this process. My plan is to manage the property myself but I want to streamline the whole process from finding a tenant, applications, rent collection, eviction notice etc.  

Post: Partnership through LLC

Marlon C. BelfonPosted
  • Philadelphia, PA
  • Posts 3
  • Votes 0

Thanks for the positive feedback @Basit Siddiqi , very helpful

Post: Partnership through LLC

Marlon C. BelfonPosted
  • Philadelphia, PA
  • Posts 3
  • Votes 0

I am considering creating an investment group with possibly 8 to 10 members for the purpose of real estate investing. Had a few questions if anyone can help me. First, is it beneficial to create an LLC with the 8-10 members and purchase properties through the LLC? Second, how would the titling of the properties be, would it be assigned to the entity that is formed? Lastly, what are some of the tax ramifications if anyone experienced creating an investment group? If there is an approach that is more effective, please advise.