Transferring a property to an LLC and whats next

[Josh Tosi]

I recently completely paid off one of my rental properties and am weighing options on what to do next. The property is currently in my name but I am planning on quitclaiming it to an LLC I formed. Once I have the property in the LLC I am looking to do a HELOC on the property and use the money to buy another rental property through the LLC. I am just wondering if this makes sense. I am only a few years into the investment game and looking to hear from other investors if this makes sense or if theres a better approach to what I want to achieve (ultimately owning more properties). Thanks for anyones input in advance!