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Updated almost 7 years ago on . Most recent reply

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Dean Wright
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Property purchase transfer from personal to LLC

Dean Wright
Posted

I'm about to purchase my first property with a loan, but the loan will be against my personal credit but i have an LLC that i would like to have all present and future properties purchased under, how do i go about purchasing this and other properties under my LLC? do i purchase them and then transfer them over to the LLC or is there a way to purchase them solely under the LLC? Any suggestions?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Buyers name in contract should be your llcs name from the get go so your llc purchases. That will save you transfer costs later from personal to llc. Also make sure your llc is the insured and not you personally.

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