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Updated about 8 years ago, 10/31/2016

User Stats

132
Posts
45
Votes
Chris Marshall
  • Investor
  • Ocala, FL
45
Votes |
132
Posts

Should my LLC own my personal home?

Chris Marshall
  • Investor
  • Ocala, FL
Posted
My wife and I owe nothing on our home and her hair salon next to our house, would it be smart to have those properties underneath our LLC or should I leave it under our own names? We are refinancing those properties to start our real estate investment journey. I'm wondering about tax implications or potential legal issues or anything like that. I like the idea that I could say my LLC owns two properties right from the start but if there would be problems that wouldn't be worth it then I need to know that.

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