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

234
Posts
103
Votes
Matthew Brill
  • Investor
  • Boca Raton, FL
103
Votes |
234
Posts

Owner-occupied rental strategy

Matthew Brill
  • Investor
  • Boca Raton, FL
Posted

I will be moving out of state in the next 6 months and plan on buying a SFR I can live in for the year and rent out once I move a year later. I know I cannot take tax deductions on a personal residence, but I am under the impression I can take deductions for the cost of a rehab on a rental property. If my LLC owns the property and I "pay rent" to the LLC, could the rehab costs then be tax deductible even though I live in it?

I appreciate the input!

Matt

  • Matthew Brill
  • Loading replies...