Investor · Burlingame, CA · Member since 2016 · 63 posts · 3 votes
Hello,
I am in the San Francisco Bay Area and I am looking for a tax advisor who can provide advice on tax/ cash flow implications of putting RE investment properties and property management under LLC(s) as opposed to individual ownership. I would appreciate any referrals from the group. Many thanks
Investor · San Francisco, CA · Member since 2016 · 192 posts · 95 votes
10y
I'm no CPA, but my understanding is that LLCs are pass through entities and don't really offer tax advantages. Their main purpose is for asset protection. (At a high level) The main financial implication is that you may have additional fees for the LLC. In CA for instance, there is an $800 a year tax.