Creating LLC without putting any properties in it

[John Ma]

Hey guys,  I like to think I'm real creative but as always, someone has probably alraedy thought of it. I'd like to see if anyone else is doing or isn't doing what I think is a viable idea.

I have some rental properties at the moment that are all under my name. I am hesitant to put them in the LCC to keep safe from due-on-sale situations with the mortgage. I do have a property that is clear of any mortgages but I am hesitant to put that under the LLC in fear of restrictions of obtaining loans from it. With that said, I am not putting the properties under the LLC.

I do wish to create an LLC to tax deduct costs that are currently not deductable for my real estate investing venutre. Costs such as advertising, traveling to see properties (and end up not buying), traveling to meet mentors, and education.

Is this something that is reasonable?

I'd like to hear some input on people who have tried this (whether success or failure).

[John Ma]

@Matt Y 

Thanks for the response.   I do not believe the things I mentioned in the original post are delectable because they are not operating costs to my existing properties.  The intent is to purchase new properties, however if no deal is made, there is no property to put those costs to. Does that make sense or am I off?