Benefits to commercial real estate for contracting business
My husband is a contractor and owns his own roofing & siding business. We have separate company for our two SFH. We've been kicking around the idea of investing in a commercial building to get all of his materials out of our garage and our HOA off of our backs. The thought is, we would buy the building through our LLC, and his construction company would rent out that space. Anyone else do this? Considerations to take into account? On one hand I feel like it's just a shuffling of money, and on the other I can't help but think there would be tax benefits to this. Any thoughts would be much appreciated!