First time homebuyer and LLC- Do’s and Don’ts

[Julio Salado]

I bought my first home this fall. A two family. I then created an LLC. I bought the home under my name. The LLC is for real estate.

I'm new to this at thought LLC is good for tax purposes.

I've done a lot of home improvement and been writing checks with the LLC account.

I was just told that I should not have the rental payable to LLC since it's my primary residence.

Could some one give a quick crash course on top Do's and Don'ts with LLC?

I’m going to look for an account too.

Thank you in advance 

[Wayne Brooks]

Agreed, you really shouldn’t own your personal residence in an llc....using it to own other properties is debatable.  But you definitely shouldn’t be using an llc to pay for repairs on your personal residence or any other property you own personally.