Starting a rental business with no income

4 Replies


My wife is a stay at home mom and She would like to start a rental business. 
We currently have 3 rentals and 1 is paid off. 
How does she start the business ?

1. Would we start an LLC in her name ?
2. would we transfer the home that’s paid off into the llc or business name or her name  ? 
3. would she pay herself out of the rental income so she shows an income ?

Lots of questions I know, but just looking for a place to start researching 

Thank you 


Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you