View Single Post
Old 07-19-2013, 09:20 AM   #228
oifmarine2003
Babbling Farker
 
Join Date: 11-26-12
Location: Cedarburg, WI
Default

Quote:
Originally Posted by Grabnabber View Post
I believe one could create an LLC that would carry the mortgage and the "tenant" could pay rent which was in excess of the mortgage payment.

Could certainly be the same person/people.

It would be important to talk with an accountant/attorney in your state, though, as I am drinking right now and can't be trusted.
Exactly how it is done. BTW, you are drinking at 6:57 a.m.? And you didn't invite me?
__________________
Chris

I FINALLY ESCAPED THE PIT THAT IS ILLINOIS!!!!
oifmarine2003 is offline   Reply With Quote


Thanks from:--->