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General Landlording & Rental Properties

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Thomas Ingrao
  • Rental Property Investor
  • Jamestown, NY
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33
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Trying to transfer title to LLC

Thomas Ingrao
  • Rental Property Investor
  • Jamestown, NY
Posted Nov 18 2020, 05:03

Hey guys, I'm new here and looking for some advice. I own a house in a different state (Mississippi) from where I live (New York). I started a company and intend on buying duplex rental properties in my area. I've been trying to transfer the Mississippi title over to the company but it's highly difficult and I can't get straight answers. Would there be a tax benefit to having the rent paid to my business account and mortgage paid from that account if the LLC doesn't "own" the property and it remains in my name?

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