Tips on Property Investment|The Best Investment Properties Advice
Dec
24
lilydragon asked:
I’m thinking about buying property in another state and renting it out for a couple of years, but I do not own any other properties. Would this be considered an investment property for tax purposes or could I file as primary residence, although I don’t live there, but plan to in the future?
Tyler
I’m thinking about buying property in another state and renting it out for a couple of years, but I do not own any other properties. Would this be considered an investment property for tax purposes or could I file as primary residence, although I don’t live there, but plan to in the future?
Tyler
Oct
31
Filed Under (Property Investment Advice) by admin
J Rizzle asked:
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
