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Updated over 4 years ago on . Most recent reply

David Kulesia's profile image
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David Kulesia
  • from Hickory, North Carolina
  • Member since Mar 10, 2015
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David Kulesia's profile image
David Kulesia's profile image
David Kulesia
  • from Hickory, North Carolina
  • Member since Mar 10, 2015
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David Kulesia
  • Hickory, NC
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Buying & Selling Real Estate

Can LLC buy investment property, not for rental

David Kulesia
  • Hickory, NC
Posted

My LLC, which generates income from currency investments, wants to buy an investment property. Not for rental, but private occasional use. Will eventually sell it for profit one day. My main question is can the LLC pay the mortgage out of income profits? The purpose is to pay the mortgage basically pre-tax of the income passing through to me.

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