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Hello,
I'm planning to invest in real estate and come up with a plan....
I'll open 2 companies (LLCs). The first company will buy real estate
and second company will mange the properties i.e. collecting rents and
marketing my real estates etc. Even though I've this plan but have
few questions also and those questions are:
Q. What is the right type of entity/company for owning real estate?
Which can give me more tax breaks.
Q. Can I rent one of the real estate, which is bought by my first
company and rent to me by my second company (real estate management
company)? Is this is doable?
This option is more beneficial then buying property myself and using it
as primary residence. Which option will give me more tax benefit?
I live and work in Massachusetts, and looking for some good real estate
attorneys, finances advices/planner and mentoring programs in
Massachusetts. Can somebody name few good ones?
Your advice is highly appreciated in making young dreamers dream come
true
Thanks you
-Charles
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Real Estate Investing
