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Updated almost 7 years ago,

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1
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Elisa Rafol
  • Grapevine, TX
0
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Tax Shielding income w/ RE

Elisa Rafol
  • Grapevine, TX
Posted

With an income of $250k, taxes are killer.  I know there's a better way...

Assets:

  • 160k in a fully owned home (renting w/o an LLC--need to set this up pronto)
  • 65k in a financed home (going to rent w/ an LLC)
  • 35k in a financed condo (going to rent w/ an LLC)
  • 375k in IRAs, 401k

What's your first tip on a best next step to push personal income into an LLC managing real estate?

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