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Updated over 7 years ago on . Most recent reply

Adam Widdicombe's profile image
Adam Widdicombe's profile image
Adam Widdicombe
  • Investor
  • from Farmington, Minnesota
  • Member since Apr 20, 2017
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57
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26
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Adam Widdicombe's profile image
Adam Widdicombe's profile image
Adam Widdicombe
  • Investor
  • from Farmington, Minnesota
  • Member since Apr 20, 2017
Connect
Adam Widdicombe
  • Investor
  • Farmington, MN
26
Votes |
57
Posts
General Real Estate Investing

Move property to LLC(Owned outright)

Adam Widdicombe
  • Investor
  • Farmington, MN
Posted

Hello,

I have  rental property that is currently in the name of a family member. They own the property out-right(No mortgage) Little back story, the person is older and we have them living with us. In kind of a trade for rent and living here she has agreed to let me us her rental property to leverage another deal. 

My question is this...should I move the property into an LLC or just pull the cash from where it sits now?

Thanks!

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