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Updated over 2 years ago on . Most recent reply

Paul Veronis's profile image
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Paul Veronis
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  • Member since Oct 19, 2021
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Paul Veronis's profile image
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Paul Veronis
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Paul Veronis
  • Investor
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Goals, Business Plans & Entities

LLC or S-Corp for Starting a Real Estate Investing Company

Paul Veronis
  • Investor
Posted

Hello Everyone.

I am looking to start my own real estate investing company where I plan on mainly wholesaling, but also flipping properties and buying rental properties. I feel like most people use and LLC for there companies and that is what I am planning on doing but I figured I would reach out to the BP community and see what your thoughts are?

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Olia Fogel's profile image
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Olia Fogel
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Olia Fogel's profile image
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Olia Fogel
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Olia Fogel
  • Attorney
  • New York
77
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Olia Fogel
  • Attorney
  • New York
Replied

I would definitely recommend setting up an LLC, also I strongly recommend setting it up as an anonymous LLC.

If you plan on holding multiple properties in one LLC, then it may be worth looking into a Series LLC, as it has unlimited scalability.

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