This post is an update on my current real estate projects. I had to turn over a rental property last month, which was very frustrating because the tenant left the property in very bad shape. Fortunately, I was able to find a very good new tenant. We just listed a completed rehab last week that I anticipate to sell very quickly after the Holiday weekend. I've also listed a condo for a client in Mt Pleasant last week, which I also think will sell very quickly. Finally, we've recently bought a new project downtown that will be an amazing house. It needs an absolute ton of work, but I think it will be stunning when completed. I also anticipate it to be very successful from a business perspective, as well. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!
Many people that are new to real estate investing get very hung up on how to structure their real estate business. For most small businesses, a good old LLC would be just fine. And for real estate, it is. However, real estate investors face a lot more liability than many other industries. If a tenant, contractor or vendor were to sue you, they could potentially make a claim on all of the properties you hold in that entity. Asset protection is very big point of discussion in the real estate world. For this blog post, we discuss some of the various business structures for your real estate business and try to figure out which one is the best for you. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!