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Updated over 6 years ago on . Most recent reply

User Stats

129
Posts
38
Votes
Nick Macklin
  • Real Estate Agent
  • Oak Harbor, WA
38
Votes |
129
Posts

Business Credit Card for House Hack?

Nick Macklin
  • Real Estate Agent
  • Oak Harbor, WA
Posted

I currently have 1 SFH being rented right now and just moved into another that I will only live in for 2.5 years. I'm military and I plan to house hack for the rest of my military career which means a new rental property every couple years! I do plan to open a business card for travel rewards/points but I am unsure whether I can charge the house hack renovation expenses to a business card... Is this commingling or is it fine because I'm 100% positive I will rent it in a couple years?

  • Nick Macklin
  • Most Popular Reply

    User Stats

    1,632
    Posts
    875
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    Johann Jells
    • Rental Property Investor
    • Jersey City, NJ
    875
    Votes |
    1,632
    Posts
    Johann Jells
    • Rental Property Investor
    • Jersey City, NJ
    Replied

    I don't understand, you can't house hack very well if you are purchasing under an business or LLC since you lose the mortgage and tax benefits of owner occupancy, so I assume you have neither. Just get a whatever card you like and only use it for RE related purchases. But simply categorizing non-business transactions as such on a single card would work fine too, though it's messier.

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