When I first started in real estate investing, the one piece of advice that I had to follow above all else was to learn about various business structures and how they can be applied to real estate investments. I did not care how much capital was involved or how complicated an idea was, I was always looking to the structure that the company was using and see if it fit my needs. If I found a company that could provide me with exactly what I needed, then I was happy with them.
Now, with that being said, I have written a Quick Guide to Business Structures for Real Estate Investors to provide you with a good starting point on the subject. This book is a comprehensive review of all the business structures that are available today. From sole proprietorships to partnerships, to sole traders and the like, this guide covers all the bases.
The author, who is well known in the industry, provides a detailed overview of the most common business structure and explains why some are good and some are bad for your company. There are some very useful tips and suggestions included throughout the guide as well. However, the real meat and potatoes of the book is the section where he goes over the different business structures in detail and shows why you should choose one of them.
He provides good examples of why each one works and gives the reader a lot of ideas on how to structure your own business. One of the main advantages of a limited liability company or LLC is that it allows the company to be privately held unlike a corporation where the shareholders are not allowed to meet one another unless they are allowed to do so. As a result, this provides the company more control and more opportunity to make better decisions than if everyone had the same voting power.
Another important feature of this book is the fact that it is available in both hard copy and eBook format. I am a big fan of the Kindle and I prefer to read a paper copy of a book rather than an eBook version. The reason is that you can take out time to read through the whole guide in a day, while the eBook will give you the information that you need and it will be very easy to read.
If you are just getting started with real estate investing or are just looking for some more information, then this quick guide is a great place to start. It covers all the basics and provides some great tips and hints to make your business even better.