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Updated almost 6 years ago,
Looking for some advice regarding the best path forward
Hello,
I have a couple of general questions to ask, but some background. We rented out our first home for about 5 years, so I am familiar with land lording and all the work that can come with that. Towards the end of the five years I used a property management company so I didn't have to deal with the headaches since I lived out of town from the rental property.
Here are my questions:
1. If we are looking to purchase a few properties does it make sense to get a LLC and if so how do you transfer the property to the LLC without causing a bank to use the Due on Sale clause?
2. If half of my assets are liquid and the other half is in a retirement account what advice do you have for investing in real estate?
3. I am looking to be a fairly passive investor, what do you believe is my best path forward?
I am located in the Texas Hill Country, BTW..
Thanks