Investor · Alexandria, VA · Member since 2016 · 2 posts · 0 votes
Hey there BP,
My wife and I have started investing in rental/investment properties, and are wondering how we can structure things to protect ourselves. We are also preparing to start a contracting business, and are looking to have that as a separate entity as well. Does anyone know of a financial adviser in the DC area that is familiar with real estate investors?
Homeowner · Falls Church, VA · Member since 2015 · 24 posts · 2 votes
9y
Hi Jeff,
For a contracting company, depends if you are going to have multiple investors.
If is a Sole priorship, a S corporation might be ideally for tax purposes.
For Real state, I suggest to check out "The LLC Master Machine Asset Protection System".
I went to a seminar recently and I was very pleased with their system.
We already implemented it.
Also, they have good tax strategies, that for a newbie like my self, is an eye opener.
I hope that helps.
Good luck