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Updated almost 12 years ago,
How to use LLC
Hey guys. I finally picked up my first flip after 5 months of trying. I used a conventional loan so the house is in my name. I opened a LLC for my tax write offs and I'm looking at a 20k rehab.
My question is how can I use the LLC for tax write offs on the rehab expenses when the house is in my name? I'm going to be hiring a contractor to do most of the work. Any help appreciated. Thanks