All Forum Posts by: Elizabeth King

I have a property in my personal name that I plan to rent annually. I created an LLC to collect rent and manage any expenses related to the property. My accountant told me that I needed to move the property into the LLC (change the title/deed) for the property to be considered a rental. I can't move this property to an LLC as the condo docs refrain owners from owning in LLC. Is my accountant accurate in stating I cannot deduct the expenses related to the property if it's not listed in an LLC?

Hello - I'm looking at buying a single family home on the county auction site.  I've done some research on tips to buying on the auction site and have looked into the property on the county site.  Does anyone have additional information on buying from auction sites and/or living in the Broward/Palm Beach counties and willing to mentor a newer investor on the process?