Should I Have An LLC or C Corp For My Real Estate Investments?
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@joseph4176 I am a canadian who is about to buy in the USA. What type of company should i open up if i do not want to pay taxes after to the canadian government? LLC??
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The part where we as investors know going into the deal that less than 30% of the people will end up exercising their "option" to actually purchase the property, and we are still asking for large option money. We really want to get into this business but we want to also sleep at night i guess you might say, so we just want the most legit company with our name on it at the same time! Thanks so much Joe and your vids are great!!! We love them.
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Get info! Well explained. Thanks.
Jaye
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To understand why it makes sense for folks to pay a LO fee, even if they don't buy, you have to understand why folks want to own their own home. Being able to call it your own home is a big part of the American dream. Also, consider the fact that you don't own your own home when buy with a mortgage either. In fact, you might think those who sold homes during the boom put the screws to all the folks who wanted to buy at that time since the values are now so low. Anyway - something to consider.
joseph4176 1 year ago
Thanks for the response joe...Im having trouble explaining this to my wife on the matter that she sees it in the aspect of not being 100% ethical, how might you explain the business to her?
admirehomes 1 year ago
@admirehomes What part do you think might be unethical?
joseph4176 1 year ago
Joe, great info and thx for your time! I am in the process of getting things tied up and ready to roll with lease options and was wondering, do you know if this is 100% legal to do in Florida? Thanks buddy and talk with you soon!
admirehomes 1 year ago
@admirehomes Yes, it is legal in all 50 States and Canada. We also use this technique overseas in the UK, Australia, Europe and parts of Asia.
joseph4176 1 year ago