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Updated over 1 year ago on . Most recent reply

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Matt Henderson
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8
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Question on what expenses could be run through personal business with relation to RE

Matt Henderson
Posted

Hello,

I'm am brand new to the game and trying to educate myself as much as possible before I invest in my first rental property. I'm considering creating a business to run my RE expenses through. I would most likely buy my first property in my own name. However, can I set up a LLC or business such as a "Rental Property Business" or just a personal business and then run the mortgage payments from a purchased home as an expense through the business? So if I purchase a home in my name but then am using it as an investment rental property, can I run the mortgage on the home through the business as an expense? Can I also expense maintenance, service, accounting fees, etc through the business?

Any advice on this would be much appreciated.

Thanks,

Matt

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