Real Estate Corporation

[SuburbanChic]

What is the name of your state?New York
We may be moving to Texas, but would like to hold onto the property we have here in Rockland County New York. We would like to rent it out - having it become the first in a line of properties we intend to invest in and rent out.
Having rented from an incorporated real estate company myself, I am curious to know if this would be advantageous for us as the management of our properties will be my business.

Any help appreciated!
Ta
SuburbanChic

 

[seniorjudge]

If you are going to do this -- and there are lots of good reasons for doing it -- then you MUST get a tax professional (CPA preferred) and a real estate attorney to help guide you through this maze.