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Updated almost 9 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
Pat Bruton
  • Investor
  • San Antonio, TX
7
Votes |
32
Posts

Should I title in an LLC?

Pat Bruton
  • Investor
  • San Antonio, TX
Posted
I am buying a house in a month and a half and am going to rent it out after about 6-9months of living in it. I plan on forming an LLC for the rental but want to know if it is necessary to transfer title to the LLC or if there is another way to get the same liability protection? I heard of possibly renting it to the LLC and then the LLC subleases the property, is this a valid strategy? Any other recommendations? Cheers, Patrick

Most Popular Reply

User Stats

134
Posts
28
Votes
Matthew Swisshelm
  • Bellevue, NE
28
Votes |
134
Posts
Matthew Swisshelm
  • Bellevue, NE
Replied

I'm doing pretty much the exact same thing. I scheduled a meeting with a CPA to discuss some of the tax benefits/burdens. I think for protection purposes you should speak to either a RE Lawyer or a wealth conservation specialist. 

I hope that helps!

-Swiss

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