Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 4 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Chad Benjamin Haywood
  • Rockingham
0
Votes |
7
Posts

Do I need a LLC for my first rental purchase? #House-Hack

Chad Benjamin Haywood
  • Rockingham
Posted

My goal is to house hack a duplex no later than October of this year as my first rental property purchase. My question is, should I start an LLC before making that purchase. I am in the process of reading Brandon's books. So forgive me if this question is answered in the books. I wanted to ask everyone why it was on my mind.

Most Popular Reply

User Stats

2,710
Posts
2,238
Votes
Patti Robertson
  • Property Manager
  • Virginia Beach, VA
2,238
Votes |
2,710
Posts
Patti Robertson
  • Property Manager
  • Virginia Beach, VA
Replied

House hack means you plan to live in the house.  Won't you be getting an owner occupant loan?  If so, it will have to be in your personal name.  You can quick claim deed it after closing if you want to.  If you plan to do that, just touch base with the attorney or title company you plan to close on the house with.

  • Patti Robertson
  • 7574722547

Loading replies...