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Normally recommend an LLC...

Posted on: May 2, 2024 at 11:44:00 CT

Gyro MU

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just because of the limited liability and it's pass through and provides an easy way to track deductions for tax filing.

I advise setting up a separate LLC for each property so that you're not increasing the value of the LLC past just one property at a time.

Edited by Gyro at 11:45:07 on 05/02/24

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REPLY

MESSAGE THREAD

Joeboo or others on rental properties - meatiger MU - 5/2 11:31:54

Why would you not? What did you study in school - TheWildcat MU

- 5/2 11:49:06

are the rumors true about meatiger? (nm) - zounami MU - 5/2 14:02:21

RE: Why would you not? What did you study in school - Fire Marshall Bill MU - 5/2 12:08:33

lol - phrejd KC - 5/2 12:05:49

Normally recommend an LLC... - Gyro STL - 5/2 11:44:00

LLC is most common for serious landlords that have multiple - Joeboo MU

- 5/2 11:34:16

Lawyers and insurance are the worst. I - SabertoothTiger MU - 5/2 11:44:18

If it makes you feel any better, us people in the insurance - Joeboo MU

- 5/2 11:46:04

maybe a little.(nm) - SabertoothTiger MU - 5/2 11:55:44

the most common structure that you'll see is to - Joeboo MU

- 5/2 11:36:49

thanks(nm) - meatiger MU - 5/2 11:36:48

why would you not use an llc? - colonel angus beef KC - 5/2 11:34:00

i run pretty much everything through my llc - phrejd KC - 5/2 11:37:09

i use an llc to set up llcs - colonel angus beef KC - 5/2 11:38:14

i'm writing this post as my llc (nm) - phrejd KC - 5/2 11:38:50

my child is named JoebooJr LLC - Joeboo MU

- 5/2 11:37:54

damn citizen united makin me pay child support to my llc - colonel angus beef KC - 5/2 11:39:04

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