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Updated over 1 year ago on . Most recent reply

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Any benefit to leasing a property in your name to an LLC you formed?

Christopher Hill
Posted

I am buying a multi family in the Pittsburgh area using my VA loan privilege. Since it has to be in my name is there any advantage to forming an LLC and leasing the property to it so the LLC can manage it? I was thinking for easier accounting and the ability to clearly Write expenses off. I intend on occupying the property long enough to meet my requirements then refinance and do this again. I'm still a baby bird here.

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