3 ms·
LLCs are cheap. It's not uncommon to form separate holding companies for each property. Not impossible to write a law that pierces the corporate veil for taxat
by sbierwagen 5y ago
LLCs are cheap. It's not uncommon to form separate holding companies for each property.
Not impossible to write a law that pierces the corporate veil for taxation purposes, of course.
- MrMetlHed 5y agoSure, I figured that there'd be lots of clever tricks around that. I figure you just make the law trace it up to the person at the top and have them as "owner" for exponential purposes.
- yuliyp 5y agoDoing it in reverse (give a credit / deduction against real estate taxes for an individual who owns and lives in their own home) works fine.
- MrMetlHed 5y agoWouldn't the corporation just factor in the credit loss as a cost of doing business and adjust the rent accordingly? Seems better to stop them from owning more than a few properties to begin with, but I suppose both would be cool with me.
- jeromegv 5y agoRent price is determined by supply and demand. You can only increase rent if the market can support it. And to do that, you can do it regardless if your expenses went up or not. Goes the other way as well
- yuliyp 5y agoSure they can factor it in to the prices they charge, but it'll serve to make buying more attractive as an option on a relative basis, which will make it harder to make money buying and renting housing out.