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Updated over 14 years ago on . Most recent reply

Jared B.'s profile image
Jared B.'s profile image
Jared B.
  • General Contractor
  • from Torrance, CA
  • Member since Feb 24, 2008
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Jared B.'s profile image
Jared B.'s profile image
Jared B.
  • General Contractor
  • from Torrance, CA
  • Member since Feb 24, 2008
Connect
Jared B.
  • General Contractor
  • Torrance, CA
2
Votes |
74
Posts
Real Estate Deal Analysis & Advice

LLC & owner occupied covenant for 2nd unit...

Jared B.
  • General Contractor
  • Torrance, CA
Posted

I'm looking to get a property that requires a covenant to build the second unit (part f why I want it), yet to make the deal worth while to my partner I need it to be a rental. So I will own it through an LLC and rent from myself (waiving tax & insurance write-off). If I own it through an LLC is it owner occupied? Who and on what paperwork would that be qualified on?

Thanks.

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