Hi Eddie.
A smart RE investor told me once, if you don't know why you need a RE corp., you don't need one.
The accountant will tell you: For tax reasons.
The lawyer will tell you: For liability reasons.
Both can be right, BUT also have their down sides.
I know a couple investors with 70+ doors, but without a corp, but also investors with 20 units and a corp.
I have 9 rental units and am not thinking of incorporating. KISS. Keep It Simple System.
A smart RE investor told me once, if you don't know why you need a RE corp., you don't need one.
The accountant will tell you: For tax reasons.
The lawyer will tell you: For liability reasons.
Both can be right, BUT also have their down sides.
I know a couple investors with 70+ doors, but without a corp, but also investors with 20 units and a corp.
I have 9 rental units and am not thinking of incorporating. KISS. Keep It Simple System.