58 min listen
64: Rookie Reply: How Do I Place Properties Under a Newly Acquired LLC?
64: Rookie Reply: How Do I Place Properties Under a Newly Acquired LLC?
ratings:
Length:
22 minutes
Released:
Mar 27, 2021
Format:
Podcast episode
Description
This week’s question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: How do I place properties under a newly acquired LLC?Before you place your properties in an LLC, you’ll need to ask yourself if you need an LLC in the first place. This really depends on your goals as an investor and whether you have a partner or not. Many investors skip the LLC route and put a rental property solely in their name, while other investors that work with partners choose to either start a new LLC or put the new investment property in their current LLC.Here are some suggestions:Make sure you know the financing options for LLCs vs. buying in your own nameGet an umbrella policy if you don’t have an LLCSpeak to a trusted attorney or submit LLC paperwork yourself (if not too burdensome)Get commercial financing for your LLC and purchase the house in its nameAnd Much More!If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Check the full show notes here: http://biggerpockets.com/rookie64See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Mar 27, 2021
Format:
Podcast episode
Titles in the series (100)
Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter by Real Estate Rookie