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Investors & landlords
Actually, some clarification is necessary here.
My wife and I own 66% interest in a LLC identified as an S-Corp. This LLC operates 2 rental properties that are owned by my wife and I.
So that means the S-Corp does *NOT* own any real estate. The S-Corp is merely a rental management company that manages property owned by others, right? (That would include property owned by those who have ownership in the S-Corp.) The important thing that matters here, is that the S-Corp does *NOT* have any ownership of any real estate, from the way I read your post.
‎July 22, 2020
5:10 PM