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Updated almost 6 years ago,

Ki Lee's profile image
Ki Lee's profile image
Ki Lee
  • Rental Property Investor
  • from Cypress, CA
  • Member since May 2, 2013
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User Stats

103
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72
Votes
Ki Lee's profile image
Ki Lee's profile image
Ki Lee
  • Rental Property Investor
  • from Cypress, CA
  • Member since May 2, 2013
Connect
Ki Lee
  • Rental Property Investor
  • Cypress, CA
72
Votes |
103
Posts
Starting Out

LLC for rental property?

Ki Lee
  • Rental Property Investor
  • Cypress, CA
Posted

I have 2 rental properties in Utah and Illinois. One is a single family home and the other is a triplex. I bought them using my personal name. I do have umbrella policy to cover potential liabilities. Is it still necessary to have these under LLC? If so why? Should I get an attorney to do it or can I do it myself? And having bought the properties under my name originally, would it be complicated to transfer it to an LLC?

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