LLC and Purchasing first Property

[Joseph Cahill]

Hi everyone,

My partner and I have established an LLC for RE investing. We are looking to purchase our first turn key rental property within the next 2 months and are wondering:

1. When we get financing and purchase the property, is it through myself and my partner or the LLC?

2. When the purchase is complete, is the house in the LLC's name or ours?

3. What are the steps to putting the house in the LLC's name during this process if it is not done immediately?

We currently have the financing and the deal in place, but we are just looking to iron out the above so we know before we go into it. Thank you!