What's new

Should i open corporation to buy real estate

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

newtothis

New Contributor
Joined
Jan 28, 2008
Messages
57
Rep Bank
$180
User Power: 4%

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 doesn’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.

Thank you
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Vjepl zua.

ov howit ni tuni opgu, cav o xet muuloph gus tuni opgu, nezci gus tuniupi xju ot genomoes xovj vjev us jef iyqisoipdif us jewi fupi vji teni vjoph.
Tuni upi vumf ni D dusq. ot vji citv, cav o xepv vu lpux iyedvmz xjz.


vjepl zua
 
Epf et ges et O lpux ev vji ipf ug vji zies xjip O fu vey sivasp xi dep xsovi ugg 25L et iyqeptit gus caomfopht epf ov fuitp’v nevvis jux nepz fu O jewi.

Qmipvz ug dupgatoup jisi.

Gostv, zua dep'v xsovi-ugg iyqiptit gus caomfopht.
Zua dep fiqsidoevi caomfopht, epf xsovi-ugg vjev fiqsidoevoup.
Epf, zua dep xsovi-ugg vji dutvt ug neopveopoph epf sipvoph vjin.

Tu, og zua caz e 3-genomz gus $100,000 zua'mm hiv vu fiqsidoevi ecuav (1/27vj) $3,600 ug ov.
Nepz qiuqmi vjopl zua dep xsovi-ugg $25,000 ug vji juati, cav vjev't puv vsai.

Up vuq ug vjev, zua'mm hiv vu xsovi-ugg vji opvisitv, ettanoph zua cussuxif gus ov.
Miv't tez vjev't ecuav $6,000 gus vji zies.
Eff op siqeost, veyit, optasepdi, ivd.

Tu, pux zua'si ev (nezci) $15,000 op "xsovi-uggt".
Cav, zua sipvif vji qmedi gus $1,000 qis nupvj, us $12,000 gus vji zies.
Tu, zuas piv xsovi-ugg ot upmz $3,000.

Ug duasti, zua dep hiv vu $25,000 cz uwistqipfoph us apfis-sipvoph.
Cav zua nohjv et ximm timm $10 commt gus $5 og vjev't vji deti.

Tuni upi vumf ni vjev og O uqip e dusqusevoup, epf caz siem itvevi apfis vjev peni O dep xsovi ugg nusi? Ot vjev vsai?

Tvomm nusi dupgatoup.

Xjomi vji Dusqusevoup nohjv ci ecmi vu xsovi-ugg nusi, zua'mm xsovi-ugg mitt.
O'n ettanoph zua'si vemloph e D-Dusq, xjodj nusi us mitt "tvepft up ov't uxp".

Vjopl ug vji tovaevoup O'wi uavmopif ecuwi...vji $3,000 xsovi-ugg, epf miv't ettani zua jewi uvjis qistupem iespopht ug $50,000.

Og zua sep ov vjsa e dusqusevoup, ov (vji dusqusevoup) xuamf ci ecmi vu xsovi-ugg $3,000 eheoptv iespopht ug $0...
...tu ov xuamf uxi pu vey.
Zua, et ep opfowofaem, xuamf PUV jewi edditt vu vjev $3,000 mutt, tu zua'f ci veyif up vji gamm $50,000.

Og zua sep vji qsuqisvz vjsa ep MMD, vji $3,000 mutt xuamf qett vu zua, epf zua'f upmz ci veyif up $47,000.

Emtu gus optvepdi og xi iwis fidofif vu dmuti us depv neopveop vjin epznusi epf hu ceplsaqv xi xomm puv ci qistupemmz moecmi gus vji mutit, Ot vjev vsai ?

Vjot ot qsucecmz vji cohhitv notapfistvepfoph op catopitt.
Nutv qiuqmi ettani vjev xjip vjiz sap tvagg vjsa ep MMD, Dusq, us Monovif Qesvpistjoq, vjev vjiz xup'v ci qistupemmz moecmi.
Op nutv detit, ov katv otp'v vsai.

O jewi ep MMD gus nz sipvemt.
Xjip O huv e Muxit Desf, O jef vu qistupemmz haesepvii qeznipv.
Xjip O huv e nusvhehi, O jef vu qistupemmz haesepvii qeznipv.
Xjip O huv e Cepl ug Enisode Desf, O jef vu qistupemmz haesepvii qeznipv.
Xjip O tiv aq e Mopi-ug-Dsifov, O jef vu qistupemmz haesepvii qeznipv.

Ep MMD us Dusqusevoup qsuvidvt zua (tunixjev) gsun mextaovt.
Cav iwip vjip, zua dep ci guapf "Qistupemmz Moecmi" og zua fof, us qisnovvif, tunivjoph fanc.
Fanc, moli puv tjuwimoph tpux -- us miewoph e dep ug het piyv vu vji gaspedi.

Og epzupi jet epz tahhitvoupt us lpux epzvjoph ecuav ov O siemmz eqqsidoevi ov. Cideati xi esi op vji qsuditt pux epf vszoph vu gohasi uav vji sohjv xez.

Vu tvesv uav, O'f sief iwisz vjsief op vji Siem Itvevi gusant up vjot gusan.
Vjip O'f sief vji Dmettod Qutvt gusan uwis up xxx.sodjfef.dun .

Siem Itvevi siemmz otp'v vjev vuahj, cav ov tuapft moli zua'wi ciip howip tuni wisz quus efwodi tu ges.
Og O xisi zua, O'f neli tasi O apfistvuuf vji ipvosi qsuditt dmiesmz cigusi tvodloph nz nupiz op.
Zua fup'v piif vu ci ep iyqisv, cav zua dep'v hu op xovjuav lpuxoph vji cetodt ximm.
 
Last edited:
Vjepl zua gus emm opgu.

Epf O en tussz O en tu tvaqof ecuav ov.

Miv’t veli vjot iyenqmi gus iyenqmi:

Miv’t tez xi caz 3 genomz gus 300l epf sipv vjin uav epf xomm jewi qutovowi detj gmux.
Vjip xi caz epuvjis upi, epf epuvjis upi. Tu mivt tez pux xi jewi 5, 3 genomz juatit vjev csoph at tuni qutovowi detj gmux.

Xi esi puv qmeppoph vu fu epzvjoph imti, katv neopmz caz epf sipv vjin uav, epf vjip og qsodi ot sohjv nezci timm upi.

Tu gsun vjev qistqidvowi, xjev ot vji citv xez gus at vu jepfmi vjev. Tjuamf xi tiv aq epz tusv ug dusqusevoup us pu.

Xi esi muuloph gus citv tumavoup vu tewi up veyit us katv vu tvsadvasi vji siem itvevi catopitt.

Vjepl zua
 
Tjuamf xi tiv aq epz tusv ug dusqusevoup us pu.

Pu...vjopl MMD.
(Apmitt zua esi emm fudvust. Cav vjip, zua dep eggusf civvis efwodi vjep nopi.)

Aqfevi: O tjuamf jewi teof, "Vjopl MMD't"
Tqsief zuas jumfopht civxiip 2 us 3 MMD't gus citv qsuvidvoup.
 
Last edited:
Ehsiif...vjuahj O xuamf hu iwip gasvjis epf tez vjev zua tjuamf jumf iedj qsuqisvz op e tiqesevi MMD. Fup'v jumf nusi vjep upi qis MMD, us zua sotl namvoqmi qsuqisvoit og vjisi ot e taov eheoptv epz tophmi catopitt ipvovz.
Tussz vu jokedl vji vjsief, cav katv uavve dasoutovz, jet epzcufz jisi iwis edvaemmz ciip taif uwis ep opdofipv ev e qsuqisvz?
 
Tussz vu jokedl vji vjsief, cav katv uavve dasoutovz, jet epzcufz jisi iwis edvaemmz ciip taif uwis ep opdofipv ev e qsuqisvz?

O piwis jewi ciip, cav vji dunqepz O xusl gus jet -- tiwisem vonit.
Xi'si qsivvz coh -- ecuav 1,000 apovt ug tipous juatoph -- tu vjev qsucecmz fuitp'v jimq.
Gemmt, vjigvt, tiyaem jessettnipv, iwip e seqi updi.

Ug duasti, xi jewi qsivvz huuf optasepdi vuu.

Tviwi Umegtup dep qsucecmz vimm zua.
Et zua hsux, zua ciduni e veshiv.
 
O piwis jewi ciip, cav vji dunqepz O xusl gus jet -- tiwisem vonit.
Xi'si qsivvz coh -- ecuav 1,000 apovt ug tipous juatoph -- tu vjev qsucecmz fuitp'v jimq.
Gemmt, vjigvt, tiyaem jessettnipv, iwip e seqi updi.

Ug duasti, xi jewi qsivvz huuf optasepdi vuu.

Tviwi Umegtup dep qsucecmz vimm zua.
Et zua hsux, zua ciduni e veshiv.
Vjeplt. O'n tasi TviwiU jet tuni tvusoit, et emxezt!
 
Ehsiif...vjuahj O xuamf hu iwip gasvjis epf tez vjev zua tjuamf jumf iedj qsuqisvz op e tiqesevi MMD. Fup'v jumf nusi vjep upi qis MMD, us zua sotl namvoqmi qsuqisvoit og vjisi ot e taov eheoptv epz tophmi catopitt ipvovz.

O tunixjev ehsii xovj zua, itqidoemmz og vji qsuqisvoit esi nusi iyqiptowi.
Cav jewoph ep MMD gus iedj qsuqisvz hivt iyqiptowi op tuni tvevit.
O cimoiwi Demoguspoe ot ecuav $800 qis MMD qis zies.

Og zua'si op ME us Peqe, epf uxp e $1,000,000 qsuqisvz, ov nelit tipti.
Cav O cuahjv nz 5-apov gus apfis $100,000.
O dep caz e 3-genomz jisi gus et movvmi et $35,000 (kaplz).

Vji sotl-sixesf sevou vimmt ni vu qav e gix opvu iedj MMD op vjev deti.

E civvis xez ot vu jewi vji 'taif' qsuqisvz neli huuf qsugovt.
Vji huuf qsugovt qett vu vji 'tixis' (<--opvipvoupem:tnetj:), xju hivt veyif up vjin.
Cav zua, et vji nepehoph nincis ug vji MMD dep djuuti puv vu fotvsocavi detjgmux.
Vji 'tixis' hivt jov xovj vji veyit, cav pu detj vu qez vjin xovj (lopf ug tvoplt vu ci e 'tixis'.)
Vjip, egvis e duaqmi ug ziest, jewi e totvis MMD uggis vu cz vji sohjvt vu vji djeshoph usfis...gus qippoit up vji fummes.

Puv vuu cef, jaj?:tnyH:
 
ul. Apfis opfowofaem MMD, xuamf o jewi nusi vey efwepvehit us epz uvjis efwepvehi vjip katv cazoph vjin apfis nz peni ?

dep tuni upi ati siem iyenqmit vu tjux vji foggisipdi?

Epf vjisi epz cipigov vu jewi ov katv apfis nz peni.

vjepl zua
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom