What type of entity do YOU have?

General Real Estate Investing
1

I must admit I am a bit of a populist and I want to know what YOU, the people, use, for your REI business?

The gurus definitely serve a purpose and I have learned many things from all of them and I thank them for all their advice. However, it is my belief that I can learn much more from everyday people who are working in this business on a daily basis than I can from someone who might be spending more time writing books or speaking at seminars selling products(I mean no offense, I have purchased some of those products). :biggrin

So, if you could vote and then list what you do and why you chose a specific entity or no entity at all, I would be very grateful and I’m sure other members of REI Club will be as well.

Thanks :beer

NOTICE: Everyones situation is different and we should all seek out professional advice for our specific situations. I am merely interested in what other people use and their reasons for doing so.

2

The majority of my investments are long term single family home RENTALS. I use 1 C-corp to recieve all my rent income. The same C-corp also gets all the mortgages, assumes all acquisition and management expenses, etc. The titles for the rentals are held in various LP’s and LLC’s.

3

Sounds like you got your system just humming along. Very Cool! :bobble

Thanks for your response. I knew somebody would answer eventually :beer

4

It doesn’t matter what anyone else does. It matters what makes sense for your specific situation. Entities are just tools to accomplish a goal.