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Updated 8 months ago on . Most recent reply

Jackson Grantham's profile image
Jackson Grantham's profile image
Jackson Grantham
  • Investor
  • from Florida
  • Member since Dec 13, 2022
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Jackson Grantham's profile image
Jackson Grantham's profile image
Jackson Grantham
  • Investor
  • from Florida
  • Member since Dec 13, 2022
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Jackson Grantham
  • Investor
  • Florida
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Short-Term & Vacation Rental Discussions

Investors with partners - Best way to operate rentals in LLC when financed in name?

Jackson Grantham
  • Investor
  • Florida
Posted

How do most investors with partners handle this? 

Gatlinburg/Pigeon Forge, Tennessee
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Garrett Brown's profile image
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Garrett Brown
  • #1 Classifieds Contributor
  • Rental Property Investor
  • from Houston, TX
  • Member since Aug 5, 2024
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Garrett Brown's profile image
Garrett Brown's profile image
Garrett Brown
  • #1 Classifieds Contributor
  • Rental Property Investor
  • from Houston, TX
  • Member since Aug 5, 2024
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Garrett Brown
#1 Classifieds Contributor
  • Rental Property Investor
  • Houston, TX
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Garrett Brown
#1 Classifieds Contributor
  • Rental Property Investor
  • Houston, TX
Replied

You can still operate it within the LLC and get rental income on your personal tax return in a few ways. You can also get a rental agreement in which the LLC pays you long-term rent for the place to your personal. I am not even close to a CPA, though, and they will be able to give the exact answer you need. I would talk with an investor-friendly CPA if you don't have one : https://www.biggerpockets.com/business/finder/tax-and-financ...

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