Posted by Ronald * Starr on November 02, 2001 at 23:00:11:
Greg--------------
I suggest that you search for this topic on the search function at the top of the bulletinboard. You might also do so on the legal forum. You will probably find lots of food for thought. Instantly.
Good InvestingRon Starr***
How to take ownership of RE - Posted by Greg
Posted by Greg on November 02, 2001 at 22:13:59:
I have done some REI and still own a couple of rentals all of which I bought in my name. I am now ready to move into REI full throttle. I have read that you should set up a Corporation and buy property through it, but have also heard that you lose a lot of the tax benefits in doing this and should buy it in your own name. I am going to do some flipping and rehabbing and will probably be more weighted towards the rehabbing side of things.
I would appreciate any advice on this as I plan to begin moving ahead with this in the next week. I am putting together the business plan and am just not sure how to best set it up. I may also have a business partner working with me.I am in SC and will be working markets in both SC and GA if that makes any difference?
Thanks in advance!!
Greg