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Updated almost 10 years ago on . Most recent reply

User Stats

59
Posts
7
Votes
Peter Hansen
  • Investor
  • Virginia Beach, VA
7
Votes |
59
Posts

SFH purchase with extra land to build RV PARK

Peter Hansen
  • Investor
  • Virginia Beach, VA
Posted

I'm looking at a house that could be flipped and held.

I'd also like to have the extra acreage it has and block it off for RV's to come and hook up, I'm however confused on if I should purchase this property as an LLC(which I haven't created yet) or if I should buy it as my personal estate and just rent out sections of land. I foresee this being an issue because I'm collecting an income from the property. Since I'm not a business however I already have a few other properties I'm renting out...suggestions/thoughts?

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