Any ideas on incorporating the fireplace into useful and creative manner???

@Richard Palmer It was suggested to me on a previous topic I posted on BP to know incorporate now because I have no real income stream or properties.

My carpenter and I want to set up a real estate company and believe that if we incorporate (LLC), then we can purchase and sell properties as a company independent of our respective spouses.

Also, if have your assets incorporated into an LLC, or the like, which requires commercial financing which inevitably means higher rates, costs, etc.

Grab a hot cup of coffee and comfortable chair, there's a lot to read up on.http://www.biggerpockets.com/forums/83-rent-to-own-a-k-a-lease-purchase-lease-options

Do you find that such a change is a complete change or do you incorporate a second or third or fourth strategy into the original plan for the property?

It's currently done, but since I've finished I found a few things that I need to fix or a few things that I wish I incorporated (ie I plan on adding search options for rental properties .. if I plan on using this site for later rentals that I'm looking to get ).

If you are going to buy and hold rental property, there are no tax benefits or deductions provided by an LLC that are not available to a sole proprietor.You don't need to have an incorporated business entity either to obtain a commercial loan for a residential rental property.

I have a Bachelor of BA degree in finance and an MBA and I’ve been working in corporate finance for 5 years now.

He, the hubby, also runs a landscape/lawn service and was able to build upon that business by incorporating the dump truck to haul gravel, mulch etc.