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Updated almost 3 years ago on . Most recent reply

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Aaron Shade
  • Portland, OR
4
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6
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Looking to house hack LLC Property

Aaron Shade
  • Portland, OR
Posted

I'm looking to house hack with a multi unit property, but want to have it protected by an LLC. Is there any way to do this without it negating the LLC protection? I know there are issues with living in your rental properties. I'm sure there has to be a workaround as people do this. I'm in Oregon if that matters. It is also a multi member LLC with 4 investors (Family).

Most Popular Reply

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1,166
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888
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
888
Votes |
1,166
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied

@Aaron Shade why not just become a normal tenant renting from the LLC managing it. I feel like this is an issue with the llc members, and you are just one of them. If you treat it like you are another tenant then there shouldn't be an issue. If you are trying to do it for no cost then write that up as you will be paid for X services with Y. However getting the taxes right will take someone who knows all the facts and does your and your companies taxes. Legal the company is renting to you, and I don't see an issue here unless you were doing a 1031 as occupancy could be an issue. Now if you are managing the tenants and living there that might be a headache for you but legally I'm not sure of the issues you are talking about.

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