First intentional buy and hold

[Bradley Tetu]

Hey all, My wife and I are doing our first intentional buy and hold deal. We currently rent out our previous home for good cashflow. My question is if we purchase the new property under our own name what are the consequences for later placing it into an LLC. We close on March 1, we have private financing, and we submitted our LLC paperwork today(we weren't sure if we were going to create one until meeting with a CPA yesterday). Thanks in advance!