I'm Jason Matthews, a licensed New York real estate agent with a unique perspective.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My name is Renata Johnson and I'm returning to BiggerPockets to learn all about BRRRR method, along with other forms of Real Estate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The mortgage is secured by the real estate.  

It’s clear you’ve got a sharp mind for real estate and a solid setup with your student rentals covering your living expenses.

What Does it Take to Achieve the Dream of Full Time Real Estate Investor?

Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation). I find this data super interesting, and took the opportunity to dive into the...

However, here are a few strategies to explore:Local Real Estate Investor Networks – Join local REI groups, meetups, or Facebook groups where private lenders may be open to funding primary residences under the right terms.Seller Financing – If the seller is open to it, you could negotiate a seller-financed deal where they act as the lender.Community Banks & Credit Unions – Smaller local banks may offer portfolio loans with flexible terms.Wealthy Individuals / Family Offices – High-net-worth individuals sometimes fund private deals, especially if they see strong equity and repayment potential.IRA or Self-Directed Retirement Accounts – Some investors lend money from their self-directed IRAs for real estate transactions.Since you’re willing to pay higher interest for a short-term solution, a contract for deed (land contract) might also be an option, where the seller keeps the title until you pay it off or refinance.Would you like me to connect you with any potential private lenders?