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Updated over 6 years ago on . Most recent reply presented by

Account Closed
  • Contractor
  • Corpus Christi, TX
6
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20
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LLC or Corporate, starting investor

Account Closed
  • Contractor
  • Corpus Christi, TX
Posted
Hello everyone, I am relatively new on the RE world and I am wondering what is better, if I should start with an LLC or a Corporation for my investments and also another company that I am in the process of creating. I wonder what type of entity did everyone started with. Thanks in advance for everybody’s responses!

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied

@Account Closed, 

Generally this is what you will find here.

Rentals - LLCs

Flips - Corporations

Not related to RE:

Your company  - Depends what you are doing, if you have partners. 

It is not absolutely necessary to get an entity to begin your RE journey. Good amount of insurance would do it. 

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