HI All, this is an open question to the BP community as I have never dealt with corporate rentals but got an interested company recently.

My wife is an attorney with corporate banking experience.

However, I need to speak with an attorney about whether this will effectively negate the point of the LLC if it will allow a judge to pierce the corporate veil.

(a) For purposes of this Article the following definitions apply:(1) A "loan broker" is any person, firm, or corporation who, in return for anyconsideration from any person, promises to (i) procure for such person, or assistsuch person in procuring, a loan from any third party; or (ii) consider whetheror not it will make a loan to such person.(2) A "loan" is an agreement to advance money or property in return for the promiseto make payments therefor, whether such agreement is styled as a loan, creditcard, line of credit, a lease or otherwise.

Also, it may be easier to pierce the corporate veil if it's just under your name.

I'm very eager and excited for this journey. 5 years ago, I picked up a few books in real estate, had bigger podcast saved and listened to a few episodes, and I knew in the back of my head I needed to invest in real estate but I was so blinded by my corporate career and shackled by my golden hand cuffs I just kept pushing it off.

This pierces the corporate veil.2.

I felt angry at her breaking the deal, but kept my cool and reasoned with her to try and make it a “win-win” for both of us to no avail, she was driving this train as far as it would take her.Finally, I took possession of the house, after much legal expense and energy and stress on top of my stressful corporate job, and now faced the prospect of evicting her as a squatter who had tenant rights.

Would you say down the road it is a good idea then, or are there better corporations to be used for real estate?

I started an LLC for my wholesale business and later for when I acquire rentals, what federal tax election should I pick, a sole proprietor or corporation?