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Updated about 3 years ago on . Most recent reply

William Miller's profile image
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William Miller
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William Miller's profile image
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William Miller
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William Miller
4
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8
Posts
Starting Out

Created an LLC. Looking for some advice on switching rentals over

William Miller
Posted

So I got my LLC all set up and ready to go. Should I switch the two rental's I currently own over to it. Or one rental per one LLC? Any advice will help this is my first LLC.

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Greg Scott's profile image
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
  • Member since Oct 27, 2014
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Greg Scott's profile image
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
  • Member since Oct 27, 2014
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Greg Scott
  • Rental Property Investor
  • SE Michigan
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

What made you decide you needed an LLC? For most new investors,with few assets, good insurance is probably the better investment of time and money.

Sounds like you created an LLC without the help of a an attorney, one that understands your situation. This would be the perfect question for them.

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