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Updated over 2 years ago on . Most recent reply

Matt Sora's profile image
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Matt Sora
  • Member since Oct 21, 2021
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Matt Sora's profile image
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Matt Sora
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Matt Sora
19
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77
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Innovative Strategies

Purchasing Home in LLC

Matt Sora
Posted

Should I purchase my personal house for my family in a LLC and then rent from myself? What would be the pros and cons of this? I heard of this idea and was curious if any of you do this.

Tampa, Florida
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Melvin List's profile image
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Melvin List
  • Lender
  • from Tampa, FL
  • Member since Apr 7, 2016
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Melvin List's profile image
Melvin List's profile image
Melvin List
  • Lender
  • from Tampa, FL
  • Member since Apr 7, 2016
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Melvin List
  • Lender
  • Tampa, FL
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1,152
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Melvin List
  • Lender
  • Tampa, FL
Replied

@Matt Sora I would purchase the property in your personal name so you can Homestead the property and avoid paying higher property taxes down the road

  • Melvin List
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