Hello
Seeking advice on Tax Classification.
I am a new Real Estate Investor, and the home I bought is owned under an LLC.
I live in California and the LLC is in Indiana, where I bought the rental property.
I would like the homes I buy to not affect my personal Debt to Income Ratio.
I'm opening a Business bank account. Should I do my tax classification under 'Sole/Individually Owned' or as a ' C Corp'? I would like to know the pros/cons of each.
I hope my question is clear.
Thanks
Lawrence
