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Updated over 4 years ago on . Most recent reply

Michael Conte's profile image
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Michael Conte
  • Member since Jul 27, 2020
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Michael Conte's profile image
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Michael Conte
  • Member since Jul 27, 2020
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Michael Conte
5
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23
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Real Estate Deal Analysis & Advice

Under contract for first BRRRR.. when do I need llc?

Michael Conte
Posted

Hi everyone! Possibly a silly question but I am currently under contract for my first BRRRR and first REI period. I would like to hold the property in an LLC. Do I need to create the LLC prior to closing or just move it to an LLC before I refinance? Thanks in advance!

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Matt J.'s profile image
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Matt J.
  • Rental Property Investor
  • from Hugo, MN
  • Member since Jan 6, 2014
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Matt J.'s profile image
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Matt J.
  • Rental Property Investor
  • from Hugo, MN
  • Member since Jan 6, 2014
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Matt J.
  • Rental Property Investor
  • Hugo, MN
257
Votes |
283
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Matt J.
  • Rental Property Investor
  • Hugo, MN
Replied

Yeah like @Dalyn Hazell said, just close in your name and eventually you can quit claim it into your newly formed LLC.

  • Matt J.
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