I have rentals under LLCs. For this property which is under my personal name, what should I put under the contract. The home is under my name. I try to avoid as much as possible to put my name. I do have a spare LLC which I can use to collect rent. Is it ok if I use a LLC as the landlord to put it under the lease? The deed is under my name.
House is paid off so no mortgage or bank loans. I prefer to still keep the house on my name for next 3-4 years so no quit claim or deed changes.
I read somewhere you can do a lease between OWNER - LLC company. AND then the LLC can do lease with tenants
This is a much more complicated subject than just quit claiming a property. Depending upon how your books, insurance and loan are set up, you may or may not be achieving the thing you want to achieve. I'd invest in a consult with your attorney.
This is a much more complicated subject than just quit claiming a property. Depending upon how your books, insurance and loan are set up, you may or may not be achieving the thing you want to achieve. I'd invest in a consult with your attorney.
House is paid off so no mortgage or bank loans. I prefer to still keep the house on my name for next 3-4 years so no quit claim or deed changes.
I read somewhere you can do a lease between OWNER - LLC company. AND then the LLC can do lease with tenants
What's the point of having the property in your name if you don't live there and there's no loan?
I thought if you sell your poperty within 3-5 years (verify) of your stay, you get capital gains tax benefit. Also doing change of deed void the title insurance also. I may change it in future but for now, all I am trying is to get a tenant onboard at this moment as I just moved.