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Updated over 6 years ago,

William Michael's profile image
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William Michael
  • Member since Jan 3, 2018
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William Michael's profile image
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William Michael
  • Member since Jan 3, 2018
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William Michael
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Creative Real Estate Financing

Transferring rental property to llc

William Michael
Posted

I have two rental properties and am trying to buy a home for my family. Make 12k a month but have 4k in debt with the rentals being 3k of the debt. I started a llc for the rentals but was curious on how I can transfer rentals into my newly started llc to free up some of the debt to income to be able to buy a home for family.

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