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Updated almost 6 years ago on . Most recent reply

Hector Martinez Rosales's profile image
Hector Martinez Rosales's profile image
Hector Martinez Rosales
  • from Overland Park, KS.
  • Member since May 30, 2019
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11
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Hector Martinez Rosales's profile image
Hector Martinez Rosales's profile image
Hector Martinez Rosales
  • from Overland Park, KS.
  • Member since May 30, 2019
Connect
Hector Martinez Rosales
  • Overland Park, KS.
2
Votes |
11
Posts
General Landlording & Rental Properties

To LLC or NOT to LLC?

Hector Martinez Rosales
  • Overland Park, KS.
Posted

Hey there BP crew, as stated above, I am wondering if I benefit from creating an LLC. In my primary residence I have my cousin paying half of the mortgage. I recently heard there may be some benefit from recording this income through an LLC. How true is this and what other options are there to help me on my taxes? Also I am curious what your thoughts are on holding the property for longer than 2-3 years.

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