I don’t want to make money
I know it sounds odd but I am looking for a way for me to not make any money at all with my rental, it is closing in a few weeks and it will cash flow about $430-500 a month depending on utilities. I was looking at an llc but from what I understand that is simply a pass-through and I still have to show and receive income. What I am looking for is something that can receive the rental income from my property; it pays the mortgage and all other related expenses and keeps whatever cash is left over for investments in other real-estate dealings or property repairs. Does such a thing exist?
Thanks...
Most Popular Reply
Be careful with this approach if you are an investor who has a desire to get commercial bank financing in the next 2-3 years. If you're rentals make no money on paper, commercial banks have no proof you are a good landlord and had little desire to lend to you. Might be smart short-term but hurt your growth long-term.