Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

24
Posts
4
Votes
Tomasz Poznanski
  • Investor
  • Brooklyn, PA
4
Votes |
24
Posts

Buy under LLC or my own name- i live there and put airbnb prefabs

Tomasz Poznanski
  • Investor
  • Brooklyn, PA
Posted


Hello everybody. 

. I have a question please help . I have few properties under llc , however now i am buying property where i will be living. Its a house with a garage and barn. I am planning to also put few log cabins or prefab homes on property for short term rentals like Airbnb. I buy it for cash and it is foreclosure REO . But will need to put at least 50k in renovation. So i will be investing in it. Also will do refi once the value is up after reno. I though about having my company llc mailing address there as well but i can do it at different address. How to separate those personal from company if i live there and it is under LLc . Do i pay rent to LLc . What is better in this case to get the most out of it in terms of taxes, and personal protection and not to pierce corporate vail if i live there . Can I live yhere as property manager maybe and take money for it or live for free because i take care of it. I will keep it for long term and probably buy more land arround it to build more prefab for airbnb.

I am searching now also for CPA and title agent and/or attorney . I invest in PA

Let me know your thoughts

Thank a lot

  • Tomasz Poznanski
  • Loading replies...