What is the difference between doing real estate as a business and just individually investing in real estate?

I stay in the Akron,Ohio area. I know a lot with construction and basement waterproofing. I've been reading multiple forums on BP for about 6 months now and listening to the Podcast. I want to invest into real estate ...

It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...

Hi there!Scenario: My husband and I have been renting out or old primary residence in the Tacoma, WA area and plan to sell next spring if the market is as good as it currently is. Based on comparable sales, we should...

Hello, I'm currently looking at purchasing a business and having a hard time determining if my advisor has a full grasp on what I'm doing so here are the details. I am buying a business for $700k (100k property, 100k ...

Millions face eviction, poverty as unemployment benefits expire with COVID-19 relief bill in limbohttps://apple.news/AfFH3WC3oRf...

I have an idea of how I want to set up my company for the future and want to run it by the BP community for feedback, I currently have an LLC in the form of a remodeling business that is supplying much of the capital ...

I have had a few opinions on incorporating given to me. I wanted to get the opinions of the people on this board.

The question is, should I own many corporations or 1 corporation and many doing business as'? Seeing...

I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story. I work as a licensed 1099 contractor in real estate. You can pre...

Hello,

What is the difference between the two or are they treated the same by the IRS? I keep getting different answers and I just wondering if someone could clarify.

Thanks,

Lauren :lol: