All Forum Posts by: Kevin Schick
Kevin Schick has started 9 posts and replied 43 times.
Post: Need some LLC and Corp help
Kevin SchickPosted
- California
- Posts 58
- Votes 1
Indiana investor here. I ended up doing pretty much the same thing. S-Corp for buying and selling properties in the short-term, LLC for owning rental property. Both are Indiana entities. The S-Corp I have to handle in my taxes via a K-1. The LLC is disregarded as I am the only member when it comes to my taxes so my rental incomes/losses are just reported via Schedule E.
I forget all of the reasons why but when I looked into this initially 3 years ago the best strategy was S-Corp for shortterm, LLC for holds.
BMR
Originally posted by "4rmgt":
What areas of Indiana are you investing in? I have several deals and properties in NW Indiana.
Currently Bloomington, Anderson, Huntington, Terre Haute.
PM me and let me know what areas you are focused on ...
San Diego based, investing in Indiana rental property and foreclosure resale properties.
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