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Updated about 4 years ago on . Most recent reply

Caleb Haynes's profile image
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Caleb Haynes
  • Investor
  • from Texas (SETX)
  • Member since Apr 2, 2021
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Caleb Haynes's profile image
Caleb Haynes's profile image
Caleb Haynes
  • Investor
  • from Texas (SETX)
  • Member since Apr 2, 2021
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Caleb Haynes
  • Investor
  • Texas (SETX)
9
Votes |
20
Posts
Buying & Selling Real Estate

Purchasing a rental property, open LLC to purchase first?

Caleb Haynes
  • Investor
  • Texas (SETX)
Posted

I'm looking to start purchasing rental properties and have seen people recommend doing rentals through LLC's. Should i open an LLC first and purchase the house through the LLC or purchase the house personally and then transfer to the LLC later. I live in Texas if that helps provide context.

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David Disraeli's profile image
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David Disraeli
  • Financial Advisor
  • from Cedar Park, TX
  • Member since Mar 20, 2017
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David Disraeli
  • Financial Advisor
  • from Cedar Park, TX
  • Member since Mar 20, 2017
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David Disraeli
  • Financial Advisor
  • Cedar Park, TX
29
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88
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David Disraeli
  • Financial Advisor
  • Cedar Park, TX
Replied

You will get better financing if you by as an individual the transfer. Make sure to ser up a series LLC. Google series LLC TX David Disraeli.

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