Should You Buy Property Through A Limited Company?: Are you wondering whether to buy your investment property in a limited company or in your personal name? In a recent video, I tackle a common myth in property investing, explaining that there isn't a one-size-fits-all answer.
Some property influencers say that you should always buy property through a limited company. However, while this advice is becoming increasingly popular, it simply isn’t true!
In the video, I explain the pros and cons of buying property using a limited company. There are times it makes sense, and there are times buying in your personal name is the best option.
If you are thinking of buying an investment property soon, make sure to watch this one until the end. Watch the video embedded at the top of this blog post, or on YouTube directly.
If you watch the video on YouTube, drop me a comment letting me know if you have bought property via a limited company before, and whether it worked well for you.
Should you buy property through a limited company? Well, it depends on your personal circumstances, and the property you are buying. In this article, I will explain the benefits of buying via a limited company, and the benefits of buying in your personal name.
Reading this article will give you points to consider when buying a property. You can then take these thoughts to an accountant, for independent advice.
The concepts in this article may be simplified to give you a broad overview. This article is not professional, legal, or financial advice. Do not take any action without receiving professional advice.
When people ask ‘should you buy property through a limited company?’ the answer they often get online is just ‘yes’. The reality is, however, it is not that simple! I want to get accurate information out there, but I need your help to do it.
Please consider sharing this article on social media. That way, we can help dispel this myth, and potentially save people a lot of money! Your followers will thank you, and so do I, because sharing our content makes a massive difference!
Should You Buy Property Through A Limited Company?: Reasons To Buy In Your Personal Name!
When you buy a property in your personal name, you can refinance the property, and use the loaned money tax-free.
If you do so in a limited company, that money belongs to the company. If you want to take it out for personal use, you will pay tax on it.
You also avoid the costs and administrative complexity of running a company when buying in your personal name!
Should You Buy Property Through A Limited Company?: Why It Can Make Sense To Buy Using A Limited Company!
On the other hand, if you buy a property through a limited company, you can write off the mortgage interest as tax-deductible. This can be huge, and for some landlords, be the difference between profitability and a loss!
That said, mortgage interest on property owned in a limited company is normally higher. So keep this in mind in your calculations.
Another benefit to buying in a limited company is succession planning. If you set things up correctly, it can make things a lot easier when you pass your property on to your family!
Should You Buy Property Through A Limited Company?: Get Property Training!
Should you buy property through a limited company? Well, that depends on a number of factors! However, if you apply the correct property strategies either option can be highly profitable.
If you want to learn how to profit from property, I can teach you. Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor​​​​​​​
     Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started​​​​​​​
     Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
     Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
     Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
