Hello from WI

4 Replies

Hey everyone...

Been lurking on the board for a few weeks. Very impressed with the amount of knowledge and expertise that is in this board!

I work in a manufacturing facility (i'm in finance) and i'm getting my feet wet in RE. Looking to start with a few rental properties with some cash flow, but my plan is to invest long term and grow into some larger multi-family properties.

I did post a question in the Taxes forum about forming an LLC vs S-Corp, so if anyone has any knowledge in that area, please check that out.

Thanks for all the info and i look forward to reading/learning and interacting in the forum.

Thanks,

Kelly

LLC is MUCH easier to manage the paperwork aspect.

however, i think if you're trying to raise capital for a business (non real estate), Corp lends itself better for this. just my two sense. in the long run also - if your business expands and begins to purchase real estate (for offices etc.) then Corp is better - it affords the greatest seperation (ownership is severalty with corp, one owner) - although LLC accomplishes the same type of limited liability.

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