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All Forum Posts by: Pushpendu Chakraborty

Pushpendu Chakraborty has started 3 posts and replied 3 times.

Post: Register a company or not

Pushpendu ChakrabortyPosted
  • Manalapan, NJ
  • Posts 3
  • Votes 1

I have few rental properties in NJ and Pennsylvania.

All of them under my name , I don't have any llc or s-corp.

Do I need to create one ?

If I do which one is better llc or s-corp?

Looking for multi family property in philadelphia and its suburbs.

Which area of philly is generally good for mltifamily and growing?

I just bought one 3 unit in germantown . 

Post: Newbie from Manalapan NJ

Pushpendu ChakrabortyPosted
  • Manalapan, NJ
  • Posts 3
  • Votes 1

This is Pushpendu from Manalapan NJ. I am an IT proffessional and trying to build passive cashflow from buy and hold strategy. I just bought a new condo inLinden NJ and rented it out. This may not be the best way to start this kind of business but still valuable experience. This is not even close to 2% rule that I came to know from BP forums. Is NJ good place for cashflow purpose or do I have to look somewhere else?