All Forum Posts by: Matthew Klegon

@Angela Yan hi Angela, congrats on your campaign in Ohio. I see you are in SF, would be great to connect as I am starting out from NY and trying to figure out what the best first step would be

@Matthew Brill thank you! Very helpful. You are right a convo with a cpa/attorney seems inevitable here. Thanks again

Thanks Matthew. I am looking for optimum tax efficiency together with asset protection to have a real estate "business" (house hacking and future investment) and a non-real estate consulting business. I see in many places that Nevada is a good state to house entities but I do realize that having many entities can create too much unnecessary cost. I am basically looking for a nimble but secure structure to build these two businesses. If that makes sense. 

Hi BP - I currently live (rent) and work in NYC but want to (i) house hack, and maybe down the road invest further, in New Jersey, (ii) invest with 2 people in multifamily properties in Massachusetts, one of which has a family connection to a property manger and contractor we will use, and (iii) have my own consulting business on the side, not related to real estate (but, in addition to active income, to use for a home office tax credit and other business expense write-offs, etc). I have a good but demanding job now but want to begin the transition into a more entrepreneurial lifestyle where I have more control over my life, time and finances. 

What is the best way to structure this from a taxation/estate planning/legal/asset protection viewpoint? Entities, states...whatever information or resources is appreciated. I have seen many different answers to this questions (e.g. Cook Islands trusts!) so I am curious if any trends in advice emerge. 

Thank you all in advance!

@Francois G. This is what I am gathering. What’s your hedge? Data centers? Storage? New asset classes/investment opportunities?