Updated almost 8 years ago on . Most recent reply
Newbie considering series LLC in South Texas
I'm brand new to real estate. I have demanding full time job, but I'm ready to dabble in properties. I have one property that I purchased from family member because the bank was going to foreclose. I registered it with section 8 as my family member qualifies for it. So great record for past 7 years. I want to first start series LLC and establish myself as business entity. Can I transfer the property to the LLC? And I want to purchase second property or apartment with the equity. Is this good move? I'm afraid that two payments might be tough. Any suggestions??