Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

87
Posts
41
Votes
Lawrence Rutkowski
  • San Antonio, TX
41
Votes |
87
Posts

Can You Pay Your Own LLC Rent?

Lawrence Rutkowski
  • San Antonio, TX
Posted

Hello,

I currently own investment properties in Buffalo NY, which are each treated as an LLC, and a single family home in which I live in San Antonio TX. Is it possible/legal for me to transfer the ownership or sell my home to my corporation, or to another one I file, then pay myself rent, as well as deduct repairs and other property expenses that you cannot deduct from your personal residence through that corp?

Most Popular Reply

User Stats

933
Posts
1,127
Votes
David Thompson
  • Investor
  • Austin, TX
1,127
Votes |
933
Posts
David Thompson
  • Investor
  • Austin, TX
Replied

I'm certainly no expert but will get the ball rolling. In Texas you have the homestead legal / tax benefit on your primary home so would think by moving your personal residence under a LLC structure you jeapordize those benefits.

Loading replies...