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Updated about 6 years ago on . Most recent reply

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56
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John Boby
  • Rental Property Investor
  • LOS ANGELES, CA
3
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56
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Purchase my Personal Residence under LLC

John Boby
  • Rental Property Investor
  • LOS ANGELES, CA
Posted

Hello, 

I am married and planning to purchase my Personal Residence in California under single member LLC. What about the 121 exemption if I purchase it under single member LLC?

Most Popular Reply

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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,171
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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied
Originally posted by @John Boby:

for privacy reasons and do not want to show to public who the owner is

Not sure if you’re aware but in California no County Recorder-Assessor’s office publishes property owners’ info online. (You could go into their office and get the info, but it’s not available from their website.) 

On the other hand, info on the owners/members of LLCs is readily available to the public online. So a LLC may not provide you the privacy you're after.

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