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Updated almost 7 years ago on . Most recent reply

Sabina Hasan's profile image
Sabina Hasan's profile image
Sabina Hasan
  • Member since May 14, 2018
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Sabina Hasan's profile image
Sabina Hasan's profile image
Sabina Hasan
  • Member since May 14, 2018
Connect
Sabina Hasan
1
Votes |
8
Posts
General Landlording & Rental Properties

Property Management Rules? LLC?

Sabina Hasan
Posted

This may be a dumb question but I want to know if it's legal? 

I have an LLC which I wanted to put into 2 of the multifamily properties that I own but I do not have 20% to convert and refinance under investment loan.

Can I put my 2 properties under the Property Management LLC that I own? Is this legal? I'll still pay taxes and report it. I want to make use of my blank LLC to build credit for the future.

Basically- take 5% of the rent I have and put it into the llc bank account to show activity and pay taxes on that later when I file? 

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