@Yanling Wu Funny you asked about this as I was just discussing with another member. 

All are in my single member LLCs, so they pass directly through to my 1040 ... so I have a lot of schedule Es, 6252s & a ton of "Section 1.263(a)-1(f) de minimis safe harbor election" statements. 

This can be a pretty significant administrative burden as well.What you will likely want to look at forming is just a multi member LLC, taxed a partnership, with a manager (you) and draw out the terms in an operating agreement.

I think the key with MTR is gauging the market and casting a wide, but calculated net at first.

They can find the properties, you handle the renovations, and you split the proceeds based on what you bring to the table.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

Also, if a claim were to be filed won’t the identity of the member(s) be determined through the discovery process?

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

:)My investor is a family member, and I have a friend who is looking to invest, as well.

Hello everyone!  I live in Northern Oakland County in the State of Michigan about 45 minutes North of Detroit.  I am starting out later in life (age 50) and looking to have some passive cash flow and hoping for apprec...

What's the general opinion of BP members about the viability of Smarter Contact SMS marketing?