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Updated over 7 years ago on . Most recent reply

Madhan S.'s profile image
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Madhan S.
  • Rental Property Investor
  • from San Diego, CA
  • Member since Feb 5, 2014
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Madhan S.'s profile image
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Madhan S.
  • Rental Property Investor
  • from San Diego, CA
  • Member since Feb 5, 2014
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Madhan S.
  • Rental Property Investor
  • San Diego, CA
5
Votes |
11
Posts
Tax, SDIRAs & Cost Segregation

LLC for buy and hold rentals?

Madhan S.
  • Rental Property Investor
  • San Diego, CA
Posted

Hi,

Currently, I manage my rentals myself. Do I need to QCD them to a LLC? Or do I need separate LLC for each rental? Any pros and cons? Even with LLC, can I still do taxes in 1040 Schedule E?

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Ali Boone's profile image
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

There's a lot of information in this article (and even more so in the comments section) that might be helpful to consider-

https://www.biggerpockets.com/renewsblog/2013/08/1...

Ultimately though, you should always consult a professional accountant or real estate attorney to confirm any decision. Ones that specialize in real estate investing, preferably.

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