Posted by JHyre in Ohio on July 08, 2002 at 07:17:25:
This is the most frequent question I get from clients. The answer depends upon the nature of your RE business (flips or rentals?), your personal finances, and your state’s rules. As a general rule, a corporation or limited partnership for flips, and an LLC for buy and hold properties. I can look at your situation if you wish, albeit on the clock. Search the MNG archives and you will find mroe info than you can digest on this topic.
I am a beginning investor working with the SBA to become a real estate investor. I am not sure if this is the right route or not but it is the one I have chosen not having too much experience in real estate investing. While I do not want to be a sole proprietor (want to protect my personal assets), I am having difficulty deciding what business entity works well for real estate investors working in this business. Any help would be appreciated.