For instance, if a home seller or buyer files a lawsuit against you, as an independent contractor operating without a corporate structure separate from you, you could be considered to be liable personally for any damages. Independent contractors tend to have more freedom and a greater earning potential than salaried employees, but they also have more responsibilities under the law. The majority of real estate agents work as self-employed, independent contractors, and even those agents who work for brokerages tend to do so in that capacity, filing 1099 forms for their tax returns. The LLC for Real Estate Agentsįor a real estate agent, setting up an LLC is a key step in forming your real estate business. Which one you go with will depend on the size and nature of your company, along with your preferred tax situation, but for real estate agents, the PA and PL are the most popular.
#Dmg real estate partners, llc professional
One of the main values of such entities is to provide protection from business-related lawsuits, debts, and accidental commingling of funds, and for this business, you can select an LLC, partnership, LLC with S corp or C corp election, Professional Association (PA), or Professional LLC (PL). LLC for real estate agents refers to the types of LLCs real estate agents can use to conduct their business. Other Considerations After Forming an LLC Advantages LLCs Give Real Estate Agents 3. We believe our investment results are attributable to the depth of our operating and financial expertise, together enabling us to identify attractive investment opportunities, design and implement value-enhancing operating strategies, and avoid many of the inherent risks of real estate investing.1. This mindset places far more emphasis on investment timing rather than operational impact / business fundamentals and can lead to behavior that sub-optimizes investment returns. Our approach is different from many investors who view real estate simply as a commodity subject to cycles and thus focus their attention narrowly on pricing relative to other financial assets. This also enables our capital and that of our partners to generate attractive returns over longer timeframes than is typically the case. The result is an attractive risk-return profile that is better positioned to perform across real estate cycles. We seek to achieve an investment basis that generates an attractive baseline of current yield, then improve that baseline over time through execution of the operating agenda.
Our business building mindset starts by defining an operating agenda with specific commercial and operational initiatives and detailed action plans to grow cash flow and value to the fullest potential. Highline approaches real estate investing like a business owner, as opposed to a financial trader. We strive to fulfill our commitments and to transact with certainty, speed and seamless execution. The combination of our investment philosophy and the long-term nature of the McWane Family’s funding enables us to match any length of investment horizon that our investment partners might have, including infinite. Highline Principals and the McWane Family make substantial personal investments alongside our investors in every transaction. Highline was founded in conjunction with the McWane Family, owners of one of America's largest privately owned businesses. The result is our most distinguishing attribute-we combine the judgment and value creation of an experienced strategic buyer with the execution capabilities of an experienced financial buyer. This functional expertise enables us to identify and pursue transactions where others fail to perceive opportunity, understand risk, or possess the ability to transact and create value.
Highline pursues investments where we can significantly impact value through the implementation of an operating agenda, or where our operational insights and execution capabilities give us unique market and asset-level advantages. Our organization is comprised of experienced and dedicated principal investment and asset management team members, many of whom possess particularly deep operations experience.
Highline Real Estate Partners is an operations-oriented investment firm that makes investments across a range of real estate asset classes throughout the United States.
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