Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 12 months ago,
Not NEW but Green! Can I purchase my personal property and put it into my Rental LLC?
First posts so here we go! Question: Can I purchase my daughter's personal property and put it in our LLC inventory if she is a partner?
1. I have already established a Rental LLC with 4 rental properties and +8 Acres of land free and clear (Alabama);
2. I have a property 100% paid off (personal property) that my daughter was living in;
3. Want to purchase it into my LLC inventory using DSCR. (DSCR = 4.59) for the portfolio [Annual Net Operating Income / PITI]; and
4. With such a high DSCR what kind of interest rate and/or down payment should I expect?
5. Does anyone have a recommendation on a company that can complete this process within 30 days?
Look forward to collaborating with you all.