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Rentals/Flips -- Taking Title
What's the best way to take title on flips and rentals?
On our rentals that we have taken out mortgages on we are planning to change title over to our LLC, but should we create a separate LLC for our rentals? For example:
XYZ LLC -- Flip homes using this one
XYZ RENTAL PROPERTIES, LLC -- Transfer our rentals to this one and use to buy future rentals
Thanks!