Updated about 1 year ago on . Most recent reply
LLC for Renovation Costs
Hello,
I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs. Or would this only be beneficial if the house was in the businesses name. Trying to find the most tax efficient way to go about this. Thank you for any responses.