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Updated over 4 years ago on . Most recent reply

Fahadbin Alam's profile image
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Fahadbin Alam
  • Rental Property Investor
  • Member since Oct 23, 2020
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Fahadbin Alam's profile image
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Fahadbin Alam
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Fahadbin Alam
  • Rental Property Investor
40
Votes |
160
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General Landlording & Rental Properties

How much should you pay yourself?

Fahadbin Alam
  • Rental Property Investor
Posted

So I got my rental property going and I don't know how much to pay myself.

1. How much would would I pay myself? Would it be 50% after all the expenses are done and leave the other 50% so if something happens to the property I can fix it up?

2. How would you pay yourself with a LLC?

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Bjorn Ahlblad
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  • from Shelton, WA
  • Member since Apr 8, 2017
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Bjorn Ahlblad
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  • from Shelton, WA
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Bjorn Ahlblad
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

An LLC is a 'disregarded entity' for tax purposes so there is no advantage to pay yourself and expense the LLC.

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