Paying your LLC from your own investment property?

General Real Estate Investing
2yFollow

Paying your LLC from your own investment property?

Trevor Neale
Rental Property Investor · Newark, NJ · Member since 2023 · 57 posts · 23 votes

Hello to all my beautiful people , a thought came to my head and I wanted to ask you all. So if you have an investment property, on your personal name, can you the owner create a LLC and get paid from your own property to the LLC?

0Reply
20 views

Most Popular Reply

Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
Quote from @Trevor Neale:

Hello to all my beautiful people , a thought came to my head and I wanted to ask you all. So if you have an investment property, on your personal name, can you the owner create a LLC and get paid from your own property to the LLC?


 what benefit would that give you?

7e investments53 Reviews
WebsiteView Page
1Reply
See this reply in the discussion

5 Replies

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Trevor Neale:

    Hello to all my beautiful people , a thought came to my head and I wanted to ask you all. So if you have an investment property, on your personal name, can you the owner create a LLC and get paid from your own property to the LLC?


     what benefit would that give you?

    7e investments53 Reviews
    WebsiteView Page
    1Reply
  • Trevor Neale
    OP
    Rental Property Investor · Newark, NJ · Member since 2023 · 57 posts · 23 votes
    2y

    @Chris Seveney I asked if it's possible.

    0Reply
  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    2y

    Legally? Sure. Why not? He's asking why would you do it? 99% of LLC's are "disregarded they don't pay their own taxes so there's no reason to do it. It would be like writing a check to yourself. If it wasn't disregarded you'd pay double the income taxes. So why would you do it? There's only possible downside, zero upside.

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Trevor Neale:

    @Chris Seveney I asked if it's possible.


     sure its possible, but so isnt entering your car via the passenger door every time and jumping over the seat into the drivers seat to drive. That is what you doing in the above situation. 

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Trevor Neale
    OP
    Rental Property Investor · Newark, NJ · Member since 2023 · 57 posts · 23 votes
    2y

    @Chris Seveney it's still possible, thanks for the clarification

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free