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Updated over 5 years ago, 05/22/2019

User Stats

26
Posts
8
Votes
Ken Tsai
  • San Bruno, CA
8
Votes |
26
Posts

LLC for rental property - multiple location

Ken Tsai
  • San Bruno, CA
Posted

Hello BP family, question for you.

So I am about to make offer on my first MF units in state of Illinois ( I am in CA)

I was told that I should open LLC and have property under for tax and liability purpose.

So my question is that , if in the next year if I purchase another one , can I and should I keep under the same LLc ? And for the current one that I am working on , can I purchase it under Perosnal first and transfer to llc after ?

Thank you guys !!

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