Updated almost 6 years ago on . Most recent reply
LLC On Househacking A FourPlex
I was wondering if I should purchase a Fourplex with a LLC I plan on house hacking for tax purposes if this is my first investment property and how much of my monthly rental income i should put back for taxes. I live in Mississippi.
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,510
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
There is No tax advantage to buying with an LLC...only tax disadvantages, both cap gains tax and property tax. Also, you couldn't get an owner occupied low down payment, fixed :0 year fha or conventional loan.