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Updated almost 8 years ago on . Most recent reply

Craig T.'s profile image
Craig T.'s profile image
Craig T.
  • Rental Property Investor
  • from Seattle, WA
  • Member since Dec 22, 2016
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User Stats

35
Posts
49
Votes
Craig T.'s profile image
Craig T.'s profile image
Craig T.
  • Rental Property Investor
  • from Seattle, WA
  • Member since Dec 22, 2016
Connect
Craig T.
  • Rental Property Investor
  • Seattle, WA
49
Votes |
35
Posts
General Landlording & Rental Properties

Duplex - occupying one unit and renting the other

Craig T.
  • Rental Property Investor
  • Seattle, WA
Posted
We just purchased a duplex in Seattle set to close in three and the current tenant's lease is up at the end of May. First deal as investors! My wife and I plan to live in one unit and rent the other out. Should we create an LLC, opening a business bank account for the rent and security deposit? Or should we do it out of our personal accounts. What are the pros and cons? We appreciate all the input!
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