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.
General Real Estate Investing
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 about 3 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Jeff Grove
Pro Member
  • Amity Oregon
1
Votes |
15
Posts

Starting a rental business with no income

Jeff Grove
Pro Member
  • Amity Oregon
Posted

Hello 

My wife is a stay at home mom and She would like to start a rental business. 
We currently have 3 rentals and 1 is paid off. 
How does she start the business ?

1. Would we start an LLC in her name ?
2. would we transfer the home that’s paid off into the llc or business name or her name  ? 
3. would she pay herself out of the rental income so she shows an income ?

Lots of questions I know, but just looking for a place to start researching 

Thank you 

Jeff 

  • Jeff Grove
  • Loading replies...