Here’s why selling your primary residence to your LLC and then renting it back isn’t a good idea from a tax perspective:Self-Dealing Doesn’t WorkFor tax purposes, a single-member LLC is considered the same as you, so paying rent to your own LLC is basically just paying yourself.

Is this a bad idea? 

Sometimes a small win = big win.Got it.

I've been using Dealcheck.io to do deal analysis but have been hearing a lot about Backflip recently.

Please advise if you have a good agent to refer who specializes in multifamily.more precisely in these areas:NashvilleKnoxvilleIndianapolisCharlotteRaleighColumbusCincinnati Welcome to the site!

This can help tremendously as it teaches you the ins and outs at a local level.Hope that helps! 

This is clarification I was looking for. 

These are excellent points to consider when batting around the idea of owning a rental property.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Greg Abbott and his Texas Economic Development (EDP) & Tourism Office released a 155-page plan for the immediate future of the world’s eight-largest economy (excluding the U.S.).The report also highlights Texas’ export growth, which has outpaced the overall United States’ from 2015 to 2021.