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Updated about 7 years ago,

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Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,405
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LLC on owner-occupied rental property

Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted

Hello! I have 2 questions regarding LLC's, and I can't find the answer on Google or BP.

1) I rent the spare bedrooms out of my personal residence. For this reason, is it advantageous to put my house into an LLC? Do the pros/cons differ since I run a business out of my home?

2) If I were to place my home into an LLC, would that debt still factor into my DTI ratio?

TIA!

  • Nicole Heasley Beitenman
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