Posted by emo on March 10, 2002 at 07:29:16:
do you know where i can get more information on buying real estate through your business
real estate business - Posted by emo
Posted by emo on March 08, 2002 at 09:16:28:
Can i buy real estate by forming a company and then buying properties through that company
Re: real estate business - Posted by jonH
Posted by jonH on March 12, 2002 at 24:33:45:
Wathch out. You can buy a piece of property in a corperation but, the TAX CODES really give advantages to the individual not companies. I can loose 25K on the sec E and take that against my income.
If you sell real estate in a company you pay more(could) example…you can take 500,000 gain with out taxes on your personal residence…if you owned that property in a corp’ your paying taxes.
Some properties though like gas stations, you do not want to own in your name or if you ever have the EPA claim it needs toxic clean up you are paying forever…
there is no statute of limitations on toxic waste.
Best of luck.
Re: real estate business - Posted by garrison
Posted by garrison on March 09, 2002 at 22:37:25:
of course! however you may need to sign a personal guarentee for all loans that are in your companies name.
good luck
garrison