New to the game, LLC / tax advice

[Nic Gonzales]

Hello all, first time poster, it has been a blessing finding this place, so much knowledge, experience and wisdom!  I've dabbled in real estate for a few years(seriously only like 4 or 5), and now I am starting to get into the world of the unknown, taxes!!  

I have a full time job, but on the side I am currently building a spec home to flip, and I also have two rentals(have mortgages), all in my name. The profit I am about to make off of the spec home has peaked my concern. I'm trying to educate myself on taxes, and while doing so, I started an LLC to start maximizing my write-off like expenses, travel, seminars and education, home office etc. But, is it even possible to have right-offs if my LLC isnt making any income due to my properties being in my personal name?

I've recently learned that I will get better rates and plans using my personal name rather than a business loan with the LLC. So now, Im not so sure I want to purchase any properties through the LLC until I absolutely have to, like from future growth.

Did I jump the gun starting this LLC?

Any advice will be greatly appreciated, and thank you in advance.

[Jaysen Medhurst]

@Nic Gonzales, you really need to speak with a CPA and asset protection attorney who are familiar with REI. I am not either of those things, but at first blush I think you have some misconceptions. Specifically, about using your LLC for write-offs.

@linda weygant, any thoughts?