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Updated over 5 years ago,
Using an LLC to purchase home
Hey all!
I am full of questions, and I truly do appreciate everyones time and effort in their responses thus far; BP really is an awesome community! Ok so onto the question:
Let's say I am purchasing a single family home for $600k using seller financing. With this, I have two options one being put it under my personal SSN, or use my LLC to secure the deal (both are on the table with the seller as they have no preference). Does one option have more pros than cons as far as taxes and business expenses etc.? As my LLC is a Real Estate business and I am wondering if there's a specific way to structure it that would be more advantageous.
Thanks again everyone!