Pros and Cons Of Buying A Rental Property In A Corp Or Personal Name
- Author
- Scott Dillingham
- Published
- Thu 20 Jul 2023
- Episode Link
- None
In this episode, Scott Dillingham explores the advantages and disadvantages of purchasing rental properties in a corporation versus personal name, helping investors make informed decisions about property ownership structure.
Key Timestamps:
[0:00] Introduction
- Episode purpose
- Client request background
- Contact information
[4:30] Corporate Ownership Benefits
- Bureau reporting advantages
- Liability protection
- Portfolio scalability
[8:45] Personal Ownership Impact
- Credit bureau reporting
- Rate comparisons
- Lending options
[12:30] Corporate Challenges
- Higher interest rates
- Limited lender options
- Director requirements
[16:45] Bare Trust Option
- Structure overview
- Tax implications
- Lender considerations
[21:15] Future Resources
- Upcoming webinars
- Professional insights
- Hub access information
Key Strategy Points:
1. Corporate Structure
- Liability protection benefits
- Bureau reporting advantages
- Director requirements
2. Personal Structure
- Better interest rates
- More lender options
- Credit bureau implications
3. Alternative Options
- Bare trust agreements
- Tax considerations
- Refinancing impacts
Contact Information:
Email: [email protected]
Office: 519-960-0370
Important Tips:
- Consult accountant for tax implications
- Verify lender requirements
- Consider liability protection needs
- Review director obligations
