@Christopher Brown the question of legal entity is (obviously) a legal question, and if you're going to do real estate you'll need to form a relationship with a real estate attorney anyway, so I'd recommend you find a good real estate attorney (I can recommend a few in RI if you don't know any) and ask her/him.As a "general rule", for an active business with earned income such as wholesaling, an S corporation (either an actual corporation or LLC taxed as an S-corp) is commonly recommended, and a flow-through entity such as a single member LLC, partnership LLC or trust is commonly recommended for holding rental properties (rental income).There are subtleties between the right entity for legal protection, and for tax effectiveness, and the right answer for you and your situation might not be the right answer for someone else, so it's really a good idea to consult with an attorney and tax advisor about your specific situation and plans.

Well if we follow the logic that the banks won't be able to foreclose until the virus is under control then it is reasonable to assume that these people would likely be back to work earning near the same income they had prior to covid.

I started my real estate career with zero dollars.

This job is salary based and I make descent money, however my tax returns will only depict the earnings from june-December (which would not be alot).

Hi I am 19 and wanting to get in to the real estate investing path as a full time commitment and career, I want to start working towards the future now but I dont know if I should go to college or not.

I have just started a new career with a good outlook, Living in Los Angeles the market is super expensive especially at the moment I Don't have a rich family and have just started saving, I have recently also started a new company in hopes that the income I can generate from that will help in financing future house flips and investment properties.

A couple of reasons why is:1) The proceeds from the flip only a small portion of my earning for the year (I have a full time W-2 career), so it doesn’t meet the “majority of earned income” qualification; and2) The sole purpose of the LLC is not flipping.

That isn’t a bad start to a career investing.

RE definitely made a huge difference in my career - it allowed me to enjoy it more because I wasn't so dependent on the W2 to pay the bills.

Would you mind advising at what point in an investment career its best to LLC?