Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 over 6 years ago on . Most recent reply presented by

User Stats

24
Posts
8
Votes
Jacob Rivera
  • Rochester, NY
8
Votes |
24
Posts

HOw Do I get my properties into my S-corp

Jacob Rivera
  • Rochester, NY
Posted

Hey Guys, I'm trying to figure out what I need to do or who I need to talk to help me get property under my S-corp? 

I am currently house-hacking 1 duplex currently & looking to buy a 2nd before the end of the year. The one I currently own was an FHA loan that I closed in January & I didn't have an LLC or anything established at the time but I created an S-Corp last month to begin to protect myself.

Looking to buy a 2nd duplex sooner but I'm unsure if I can buy it in my Business name yet or if I have to buy it under my own name for the banks purposes. 

I have the S-corp established with a bank acct & a credit line that I would use to help with any expenses if necessary but I don't know if I can pay for anything thru the business if it not owned by the business. I'm new to how this works only been a landlord since end of January. If anyone can provide some guidance would be much appreciated. Thank you

Most Popular Reply

User Stats

5,171
Posts
6,064
Votes
Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,064
Votes |
5,171
Posts
Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Jacob Rivera

S-corporation is usually a bad choice for holding rental properties, tax-wise.

Why did you decide to use an S-corp?

  • Michael Plaks
  • Loading replies...