Forming a real estate company

[Jack Srimani]

Hi,
I have been researching the real estate market for sometime now. Right now I am trying to get into it full time. Initially I am doing both (rental investment and flip). After sometime if I do fine I will know my real niche. I am seeing that some of you folks have created your own company (mostly LLC). I would like to know if I get involved in real esate as full time profession then should I be thinking of forming a company (LLC or something else I do not know). That said what advantage will it provide to me in terms of tax benefits and other potential benefits. I highly appreicate your feedback. Thanks.

[Don Konipol]

An LLC is neccessary to try to limit personal liability from real estate assets. seperate LLC for each property are a further form of asset protection. Many threads available and many books and reports available on asset protection.

Tax benefits of LLC vs. direct ownership of real estate are not as pronounced and in reality may be more illusionary than real. Also lots of information (and misinformation) available.