EP 020: Taxes and Entity Structure for Real Estate Investing

Taxes and Entity Structure for Real Estate Investing

 

What kind of entity do you need to set up for your real estate investment deals? When should you set it up? How should you structure it? Should it be an LLC, a trust, or a regular corporation?  What kind of taxes will you incur?

 

I love doing Sub2Deals but I’ll be honest the subject of taxes and entity structure put me to sleep. While I’ve got everything set up for my business, I get a lot of questions about these two topics so I thought I’d bring on an expert to talk to you about it. This week our special guest is Bill Walston, a CPA and property investor with 30 years of experience. He’ll explain to those getting started what you need to know about setting up your real estate business.

 

Bill shares what kind of entity is best to set up for tax purposes, how you would want to structure it for your real estate investments, and the key mistakes most new investors make when setting up their companies. He also shares which state you can set up your entity in to minimise both federal and state taxes.

Listen and Learn

 

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What you will learn

 

In this episode, we cover the following about taxes and entity structure:

• Which entity structure is best for your real estate business - LLC, Trusts, S-Corp, C-Corp or Sole Proprietorship.
• What tax implications each entity bring with it.
• Steps to take once your entity structure has been set up.  
• What states you can set up in to maximise your investment profits.

• When and which professionals to get help from for your real estate investments.

 

Mentioned in this episode

 

For more information on taxes and entity structure for your real estate business you can get in touch with Bill via the options below:

 

Email: Bill@billwalston.com

 

Facebook: Send Bill a private message

 

Website: https://billwalston.com/about-bill/

 

Join us on Facebook at the “Subject To Real Estate Forum with William Tingle”  for more insights & information on subject to deals!

 

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