How are you,
I and my friend are in a process of buying residential properties 3 families mainly.
And as far as I know at the end of the year when I do tax return we can write off 25K as expanses for buildings and it doesnâ€™t matter how many do I have.
Some one told me that if I open a corporation, and buy real estate under that name I can write off more? Is that true?
Also for instance if we ever decided to close or cant maintain them anymore and go bankrupt we will not be personally liable for the loses, Is that true ?
If anyone has any suggestions or know anything about it I really appreciate it. Because we are in the process now and trying to figure out the right way.
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