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Updated 3 months ago, 09/04/2024

User Stats

2
Posts
0
Votes
Sean Timper
  • Flipper/Rehabber
  • Richmond, VA
0
Votes |
2
Posts

Pros/ Cons of placing your primary residence under your REI LLC in Virginia

Sean Timper
  • Flipper/Rehabber
  • Richmond, VA
Posted

Hey BP Fam, 

I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here. I saw a bit online that stated it could be worth it in some states, but not others.

Has anyone persued this, or been down this path before? 

Thanks in advance. 

Sean

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