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Updated almost 6 years ago on . Most recent reply
Change deed from LLC to personal when moving into a rental?
We recently got our primary home under contract to sell and will be moving into one of our rental properties that is owned by one of our real estate L.L.C.’s. We plan to live in this home for several years. I was wondering what everyone’s thoughts were as far as whether or not I need to change the deed over to our names rather than our entities. We plan to rent this property out again once we are done living in it in around 7-9 years. The property will be owned outright and has a value of $100,000. It was a rental property for only around 9 months. Any insight would be great, thanks!
Most Popular Reply
@Steve Vaughan thanks for the response!
My entity bought the property and it is still in its name. So I have never owned the property personally.