When to begin owning properties under an LLC?
I'm currently at 5 doors and seeking to add another soon. These first 5 are currently owned by my wife and me, but want to evaluate the pros and cons
For those that own properties under an LLC, do you have an insight you can provide on the questions below?
1. How do you transfer ownership of a paid-off property from a person to a business, and is this smart to do?
2. I previously had a bank that would not lend to my LLC and required that an individual be the lendee. Is there a reason for this and manner of getting around it?
3. What are the biggest reasons to title under an LLC?
4. What are the biggest reasons to title under your name?
5. What are your personal thoughts and experiences that could help me and others that are still new to this?
Thanks for any help!!