Updated almost 7 years ago on . Most recent reply
Getting rentals on an LLC
How do you purchase rental properties and get them put under your LLC? Are you buying them with your name and then transferring the deed? What is the best route to get homes purchased and under my LLC?
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- Tax Strategist| National Tax Educator| Accepting New Clients
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There are two options ultimately
You buy in your name then QC it to the LLC. You're basically hoping the bank doesn't notice and call your loan (Which is totally in their rights to do).
The other option is purchase under the LLC, which will require commercial loan, and often a slightly higher rate.
Talk to your attorney- depending on circumstance an LLC may not necessarily be the best option for protection without the headache dependent upon what your goal is, your net worth is, property value ect.
