Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

5
Posts
0
Votes
Ben Safren
  • Delray Beach, FL
0
Votes |
5
Posts

Worth starting an LLC?

Ben Safren
  • Delray Beach, FL
Posted

I recently purchased a second property, which I plan to use for vacation and family. I own my primary residence as well. When looking into options for renting out the beach house part time, I wondered what would be most beneficial for tax benefits. 

For example, if I were to rent it out to family for 3 months of the year, I could technically call it a rental home and take advantage of some write offs? This led me to start thinking of creating an LLC to write off all rehab including fresh paint, new flooring, etc.

I am looking for advice on this matter. Anything helps! Thanks BP 

Loading replies...