Business Plan for New Investors
Hey BP Community!
My wife and I are getting into the real estate investment world and would love some support and advice from the BP community. We are planning to acquire around 20 units in the next 5 years through single family or smaller multiplex units. We really need some advice on how to get our business in order. We plan on doing most of our investing in Oklahoma, which allows for LLC series. What would be the best way to set up our business model allowing for the most protection and tax advantages. Have an S Corp own the series LLC?
Next, is there any legal way to personally finance the properties then transfer the property to the LLC's? It would be much easier to get a personal mortgage than a commercial one through the LLC, however, I do not want the bank to call the loan due because of this switch or not be completely protected because I was in breach of the mortgage.
Thanks everyone!
Respectfully,
Jaren Woeppel