Recommendations on Asset Structuring

[John C.]

Hello,

I am interested in getting some thought so on how I should structure my current real estate investments. I own three investment properties at the moment which are held in my personal name and I plan to hold on to for the long haul, primarily for my retirement. On a monthly basis, I pretty much break even on mortgage and rent, so I am not earning a huge passive income. Based on tax requirements, I earn too much money in my day job to be able to write off the expenses from these investments. I understand with an LLC the taxes would just pass through to me anyway, so I still would not be able to claim the expenses. I'm less interested in whether my investments were smart or not cause I am breaking even and more interested in recommendations on how to restructure my properties so that I can claim the expenses on my taxes. Welcome your thoughts. Thanks in advance.