Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Move deal into LLC after purchase?
Hi BP, I have filed for an LLC but it is still being processed by the state. There is a deal that I want to put an offer on and I don't want to miss it. Can I put in an offer and purchase the property in my own name, then somehow move it into an LLC for tax and liability purposes?
Thanks,
Tom
Most Popular Reply

- Rental Property Investor
- East Wenatchee, WA
- 16,108
- Votes |
- 10,250
- Posts
There are also insurance (title and hazard) matters to consider. The policy holder will be different than the property owner with an after-the-fact transfer.
I would offer as @Tom MacDonald or xxxx LLC for now. You can remove one as you obtain more info.
Is this property in the states? What type? A house? Commercial property is an entirely different animal.
Proper answers to this question completely depend on asset type and location. Who knows what the laws are in a different country.