I am a new/young investor interested in getting some info about the advantages/disadvantages to forming an L.L.C. to invest in real estate. Any advice or insight about forming a REI business. Thanks…
Well from what I have read an LLC is best when applied to a property that is held for the long term. If you are going to hold the property for short term and flipping an S corp would be best (someone correct me if I’m wrong). I have also read that LLCs can get taxed pretty heavily when used for short term holds aswell.
I hope this helps…I am fairly new to REI and I would check my info just to be safe.
Best of luck
What exactly do you mean re: taxed pretty hard when nit held for a while? Curious New Investor?
Flip under an s-corp hold under a LLC!