pros and cons of buying a home under an llc or inc?

Answer 1

Are you talking about an investment or your personal residence? As a personal residence you would not be able to deduct the interest off of your personal income tax for one. Two you would have to contend with all of the legal paperwork that is involved with maintaining a corporation. The other alternative would be a family trust. Works like a corporation with less paperwork.

If you are talking investment property, a corporation, trust or LLC in my opinion is a must. There are just too many liability factors that come into play when in business that it only makes sense. You don't want any personal exposure.