an L.L.C?

[Poter]

I am a new/young investor interested in getting some  info about the advantages/disadvantages to forming an L.L.C. to invest in real estate. Any advice or insight about forming a REI business. Thanks...  

[john-e]

Well from what I have read an LLC is best when applied to a property that is held for the long term.  If you are going to hold the property for short term and flipping an S corp would be best (someone correct me if I'm wrong).  I have also read that LLCs can get taxed pretty heavily when used for short term holds aswell.

I hope this helps...I am fairly new to REI and I would check my info just to be safe.


Best of luck
john  

[ljp36]

What exactly do you mean re: taxed pretty hard when nit held for a while?  Curious New Investor?

[reoconsultants]

Flip under an s-corp hold under a LLC!