Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

17
Posts
7
Votes
Jon Marois
  • Red deer, Alberta
7
Votes |
17
Posts

How should i buy a rental? thru my company, personally,or new LLC

Jon Marois
  • Red deer, Alberta
Posted

So I am brand new to real estate investing. I am currently looking for some deals and crunching my numbers. I am from Alberta, Canada. Some rules and conditions differ between the United States and Canada. I am currently self employed and pay myself an average wage from my company earnings. The company also makes a small profit.

My Question is : How should I purchase my first home ? Should it be personally bought? Or through my company?

I would prefer to not pull anymore income from my company because then I will have to pay more taxes. If the money is left in the company and it purchases the property then it may be wiser than losing money to taxes.

Has anyone ever dealt with this before? I have a friend that has set up an entirely different company to purchase and hold the homes in conjunction with his existing company. 

Any help would be greatly appreciated. Thanks in Advance for your time.

Loading replies...