David Woods, EA, ChFC, CLU wrote:
- quote -

What interested me, was when OP said he will "open two
companies".

Imagine also if both of these LLC "companies" are single
member entities, with one doing maintenance work for the
other. (grin

ChEAr$,
Harlan

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"ccolaso[at]gmail.com" <ccolaso[at]gmail.com> wrote:

- quote -

There is no such thing as "right" entity. All have various
pros/cons.

- quote -

Unless I am reading this wrong, how can company 2 rent
property to someone when said property is owned by company
1?

- quote -

Allright, now this makes no sense. How can you POSSIBLY
benefit more taxwise from creating taxable income by renting
the property to yourself with no corresponding deduction?
You do realize that even if the rent generates a loss, it's
subject to all sorts of pitfalls, and without even thinking
about it, not as good as the normal deductions associated
with home ownership.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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I am planning to invest in real estate and come up with a
plan....

I will open 2 companies (LLCs). The first company will buy
real estate and second company will mange the properties
i.e. collecting rents and marketing my real estates etc.
Even though I have this plan but have few questions also and
those questions are:

Q. What is the right type of entity/company for owning real
estate? Which can give me more tax breaks.

Q. Can I rent one of the real estate, which is bought by my
first company and rent to me by my second company (real
estate management company)? Is this is doable?

This option is more beneficial then buying property myself and using it
as primary residence. Which option will give me more tax benefit?
I live and work in Massachusetts, and looking for some good real estate
attorneys, finances advices/planner and mentoring programs in
Massachusetts. Can somebody name few good ones?

Your advice is highly appreciated in making young dreamers
dream come true

Thanks you
-Charles

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