All Forum Posts by: Dana N.

My husband and I are starting a Real Estate business, should we go as partners or should one of us be sole owner? Only asking due to information I read about partnerships created different tax requirements. If sole owner is better, should I be owner for the minority women tax breaks?

We live in NYC, but will start acquiring property in the south so does the taxes work where business is located or location of business?

Thank you in advance for your advice.

Dana

NicholandSons RE

I have been trying to write a business plan and because we are just starting by doing small investments, it is difficult to find/create a plan that is so basic.

Do I need a business plan before I start investing in to real estate? We plan to start small with buy and hold property and rent them out. Our plan is to start with 2.

Should I wait until we have acquired more investments, obtained cash flow from properties?

Thank you in advance for your advice.

Dana

NicholandSons R.E.

Thank you Carla M., Joe F., and Brandon T., for responding to my introduction.

Joe Fairles: I will check out the few of those books you reccomended. Thanks.

Carla Moore: I am spending more time reading the guides and now listening to the podcasts to learn the RE Business.

We have decided to start off obtaining rental property. So for now that will be my focus for now.

Thanks again.

Dana

Just want to introduce myself, my name is Dana. My husband and I are new to real estate investing. We look forward to learning a lot through BiggerPockets.com and from their members.

Thank you in advance for your advice.