Property Q&A in 91355>Question Details

manuelsolis1…, Home Owner in Santa Clarita, CA

I am being advised to create an LLC to "shelter" a rental property in order to qualify for college financial aid. Do you agree?

Asked by manuelsolis1965, Santa Clarita, CA Mon Dec 3, 2012

This rental property is located in SOCAL and almost paid off; however, I don't understand how LLCs work or what the consequences of doing this will be in the future.

Help the community by answering this question:


Manuel Solis, You are always best served by contacting a professional in the field you need help. A CPA or Real Estate Attorney are the only people you should consult on this issue. Let me know if you would like a referral.

I am a professional in the field of investment properties. We can meet to find you the best investment for your family's financial future. Santa Clarita offers you many incredible investment options. Valencia, Stevenson Ranch and other of our incredible communities have homes that will rent out quickly and be a sound investment. Safety, great schools and a community that takes care of itself make being a landlord easier and rewarding. Call, Text or Email anytime, day or night, to see listings or set up a time to meet.

Tony Lewis RE/MAX of Valencia Cell - 661-510-7975
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