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Updated over 4 years ago on . Most recent reply

User Stats

9
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5
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Elizabeth Gomez
5
Votes |
9
Posts

LLC for taxes purposes?

Elizabeth Gomez
Posted

Hi all

Aspiring real investor here, I have managed to save some money and currently learning as much as i can before buying my first rental. I do have a question, i work a 9-5 and since i have no kids or an spouse, uncle sam takes a huge cut out of my paycheck each month (2K). Thus i wondering if to create an LLC before buying my first rental so it can help me maximize taxes. since i do plan to manage the property i thought i could open the LLC and discounts things like phone, gas etc. i have talk to other people that told me that just by having a rental i would get to some landlords tax benefits without the business. what do you guys think?

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