T
Ted_Graham
Guest
My wife and I are planning on buying a ski condo here in Colorado with two other couples. The six of us plan to use it as a second home and occasionally rent it out as a short-term rental.
We are considering forming an LLC to hold the property so we can share the tax deduction of the mortgage interest and HOA fees. Is this the best way? How will we apply for a mortgage? Are there issues with renting the property if the LLC owns it?
Thanks,
Ted
We are considering forming an LLC to hold the property so we can share the tax deduction of the mortgage interest and HOA fees. Is this the best way? How will we apply for a mortgage? Are there issues with renting the property if the LLC owns it?
Thanks,
Ted