Should I acquire the property in my LLC or in my name?

[Festus Emore]

Hello all,

I have an old single-family property built in 1960 being given to me from my elder relatives. I plan on selling the property so I can take the profits and reinvest it into something better. Knowing that I would like to purchase future properties under my LLC and I'm just starting out, should I have this property placed in the LLC name and then sell from it or should I have the property placed in my name and sell it that way? I am not sure if there's benefits or pitfalls by doing it one way or the other.

[Khari F.]

@David Van Singel you mean two years?