Forming a CorporationCreate an LLC or Corporation: Yes, you can place the multifamily property under a newly formed corporation or LLC.

You’ll also need to navigate state tax obligations for rental income and potential depreciation recapture when selling.Insurance is also deductible as well.

Mom/pops out, corporations in.

It's 10 percent down at time of win and then the rest cash within 10 days and often they can sell out from under you the underlying obligation which can resolved before you take the property.

A little about me:I hold a Certified General Appraiser license and have been working in corporate and commercial real estate for over 25 years.My recent focus has been on property investments and appraisal work, including commercial and residential properties, lease-to-own agreements, and broker price opinions (BPOs).I’m always looking for opportunities to expand my portfolio and knowledge in real estate, and I love analyzing market trends and valuations.I’m here to connect with other investors, share insights, and learn from the wealth of knowledge this community offers.

I own 100% of my corporation.

If you put a corporate accounting to eliminate standalone accounting such as QB and Xero.

I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

To qualify as a Resident Agent the representative must reside within a 25-mile radius of the Town of Baileys Harbor or be a corporate entity with offices located within a 25-mile radius of the Town of Baileys Harbor.7.

We have filed for our LLC and are awaiting our EIN so we can open the necessary corporate accounts.