How to shelter income being taxed?

[David Chow]

Hi. 

I'm new to the forum and would like to see if anyone has info on how to shelter income from being taxed? This is a hypothetical question since I have not started the purchase of a multi family unit yet. 

My tax guy recommended me to setup a LLC to purchase properties for buy / hold and rent. One of the question I had was what happens to income that I get from rent (minus all the expenses). I was told that the income will be passed as my personal income since I'm the owner of the LLC.

I would like to think that I can save up the income each month so that I can either use that for paying other expenses in the building, pay off mortgage, or invest in other properties.

I would hate to think that all income from rent will be filed as my personal income since I do have a decent paying job.

Any help or feedback would be greatly appreciated.

Thank you.

David

[Brie Schmidt]

If your tax guy said a LLC would shelter income I think you need a new tax guy.