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General Landlording & Rental Properties

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David Holland
Pro Member
  • Realtor
  • Baltimore, MD
31
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90
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Baltimore city rental in S-corp or LLC

David Holland
Pro Member
  • Realtor
  • Baltimore, MD
Posted Oct 29 2014, 06:15

Can anyone explain why I would hold a rental in Baltimore City in a LLC as opposed to an S-corp? I was told at the local REIA not to use a S-corp.

I'm paying cash for the property but may do cash out refi next year to reinvest in other properties. 

This is my first rental so thank you for the advice!

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