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Updated almost 7 years ago on . Most recent reply

User Stats

111
Posts
17
Votes
Shiv Jey
  • Seattle, WA
17
Votes |
111
Posts

Finally have my first two under contract! Now what? Legal help!

Shiv Jey
  • Seattle, WA
Posted

I checked with my lender to ensure that a quit deed claim is something they're ok with.  It's being purchased under my name.  I've upped my umbrella insurance as well.

I live in Washington State. Investment 1 is in Alabama. Investment 2 is in Ohio. I have an LLC in Washington State.

Can I put them under my LLC in Washington? Should I create an LLC in both those states and put them under there? This moment has been coming after over a year of doubt, second guessing, research, learning, stalking these forums, talking to people, etc. and it's so great to have finally pulled the trigger! But now I realize that while I was busy learning about analyzing the numbers and what to expect, I didn't learn about the LLC aspect!

Thoughts!  Thank you in advance!  And thank you to this forum for the encouragement to finally take the plunge!

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