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Updated over 4 years ago on . Most recent reply

Primary Mortgage as part of an LLC
Hello, I would like to hear the opinion of the experts in this forum regarding adding my primary home into an LLC where I hold 3 rental properties. I guess the concept is that I have some positive NOI with the 3 properties, by adding the mortgage on my primary and charging myself a small rent (less than the mortgage + taxes + insurance) I would bring my NOI down and breakeven for the year. Does this make any sense? would it have any tax advantages?