In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

My name is Sheila Richmond Young, and I'm new to the real estate industry.

Consult with a real estate attorney and a tax counselor to determine the optimal transaction structure.Good luck!

This type of retirement plans allow you to purchase real estate with your retirement funds, the asset would be held in the IRA.

Congrats on all of your success in the real estate industry!

I'm Shelby from Pensacola, FL, brand new in real estate investing with only one rental property currently.

There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield. 

I've been passionate about real estate investing for about a year now, and I'm particularly passionate about property management.

I'm Lindsay Conley from Smyrna Delaware, passionate about real estate investing for 10 years.

The idea of using real estate professional status and then protecting those assets in an LLC which is owned by some other more fancy asset protection structure is nothing new.