When you are undergoing a real estate transaction, you will likely come across several unfamiliar terminology and concepts. You must gain clarity on anything that you are unfamiliar with because if you do not, you might make unwise decisions.
Taxes can be a major barrier to growth. Not only can it affect your bottom line, but it can also prevent you from having the funds to reinvest into your ventures, enabling you to prosper in months and years to come.
Forming a real estate limited liability company (LLC) has some major benefits for the stakeholders. In specific, an LLC insulates the investors and their personal assets from legal liability if there's a lawsuit involving one of the properties. The lawsuit would have to be directed at the LLC -- not you.