All Forum Posts by: Cornelius Amos
Cornelius Amos has started 2 posts and replied 4 times.
Post: NNN Lease and Tenant Paying Rents and Other Expenses Yearly
- Posts 4
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Would it be unusual for a tenant with a NNN to pay their rent, insurance, tax, and other expenses associated with their NNN lease in one yearly payment?
Post: Buying Building to House My Non Real Estate Related Business
- Posts 4
- Votes 0
Quote from @Cornelius Amos:
I am about to buy a building to house my non real estate related business. I have a S Corp (LLC with S Corp election). I initially told the loan officer that wanted to title it to my S Corp but now I am thinking that it would be better to form a new LLC, title the property to it, and have my S Corp to rent from it. Does anyone think that this is a better idea than the first?
Thanks!
Post: Buying Building to House My Non Real Estate Related Business
- Posts 4
- Votes 0
Quote from @Joseph Palmiero:
It is better to form a seperate LLC. It is difficult to remove real estate form a S-Corp tax free.
Thanks! I wanted someone else to confirm what I was thinking.
Cornelius
Post: Buying Building to House My Non Real Estate Related Business
- Posts 4
- Votes 0
I am about to buy a building to house my non real estate related business. I have a S Corp (LLC with S Corp election). I initially told the loan officer that wanted to title it to my S Corp but now I am thinking that it would be better to form a new LLC, title the property to it, and have my S Corp to rent from it. Does anyone think that this is a better idea than the first?