Updated over 6 years ago on . Most recent reply
Should I start a company for my real estate investing?
Hello fellow investors,
My wife and I are interested in starting to invest in real estate to have a source of passive income. We are thinking of either starting with a turn-key property and eventually moving on to BRRRR or starting with BRRRR if we find a good deal. My question is should we set up a company (thinking LLC) and put our investment properties under that company? I have a successful entrepreneur uncle that has always told me the best advice he can give me is to start a company and try to charge most of my expenses to it for the tax benefits. I appreciate hearing any/all of your advice! Thank you!