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Updated over 5 years ago on . Most recent reply

User Stats

67
Posts
14
Votes
Phil T.
  • Battle Ground, WA
14
Votes |
67
Posts

What do I need to know before moving my properties into an LLC?

Phil T.
  • Battle Ground, WA
Posted

I own 2 duplexes in Indianapolis, which are mortgaged in my name. I want to move them into an LLC, but other than the possibility of the bank calling the note when I do it (which everyone I've talked to says never really happens), what are some things to think about? Does it cause any problems when I go to sell the properties, or anything like that?

I think moving into an LLC is the right move, but I want to make sure I've got everything taken care of on the front end before I do it.

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