Real Estate: LLC options
Hey guys! I just closed on my first investment property a few days ago. Unfortunately for me the lender and the title company were not seeing eye to eye. I was unable to close the investment property in the LLC. I had to close the property in my personal name. Now I have an LLC with no business. What are my options? It's too costly to move the property to the LLC after the fact. Should I still have the rental income deposited in the LLC bank account? Or should I just keep this property separate from the LLC?
It's complicated because the LLC was named after the address of the property. It's pretty much useless now. I was considering attaching a DBA to the LLC then using the DBA bank account for rental income and to pay for repairs.
Any suggestions?