I saw this on TikTok...

[Wes Phelps]

I actually did see this on TikTok, but also in my profession I have seen this idea used as well. I however, do not know the ins and outs so I figured this would be a good place to start. My wife and I are expecting our first child and are getting more serious about looking for our "first time home purchase". The question is from a expense/tax stand point... Regardless of what we find (single family/multi family), is it more advantageous to purchase the property through a business, like an LLC?

From what I understand, there are several tax benefits to doing this? Is it as easy as creating said LLC and using the credentials to do so? Id expect from a bank standpoint there would need to be income history to even qualify? I'm sure there are things I'm missing here, but I don't know what I don't know.

Tips and help appreciated. 

-Wes