Mortgage Brokers & Lenders
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 over 1 year ago,
Can I put my first home into an LLC
Hi biggetpocketers,
I have a small townhouse that was my first home purchase and I've been living in for 7 years. I'm moving to a different state so I decided to keep the house and rent it out. The house mortgage is a fixed 30 years through a truist bank. I've read on the forum that people put their investment properties into an LLC so I was wondering if I should do the same before I rent it out? how can I start the process ? And what are the benefits of doing such a switch (if there is any?)