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Updated about 1 year ago,
Considerations to transfer an individually owned SFH into a new LLC.
I'm planning on buying my first few properties in an area as an individual, and not through an LLC. Now, eventually I would like all of the properties I buy in the city / state to reside in the (one or multiple, haven't decided yet) LLCs. Are there any considerations I should be aware of when buying the properties that would be a barrier when trying to transfer them to an LLC?
I would definitely let any lender know of my plan to do so but I’m not aware if there’s any better process to do this. Perhaps buying them directly through the LLC with a personally guaranteed loan. If anyone has any thoughts let me know!