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Updated over 8 years ago on .
LLC basic questions
Hi, I officially closed on my first investment property today and I think I am doing somethings backwards.
I closed on the house in my name and not a LLC. This afternoon I went online and created a LLC. for this rental property and a side business that I started earlier this summer (the side business is totally unrelated to real estate). My question is: Do I need to now transfer the house into my newly created LLC, and if so, how do I go about doing that?
I am very new to the rental property world and would appreciate and advice on the "particulars" of the business. I actually already have a tenant lined up to move in next month.
Thank you for any help!