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Updated over 17 years ago,

User Stats

1,042
Posts
86
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Michael Shadow
  • Investor
  • Bellefonte, PA
86
Votes |
1,042
Posts

Attorney recomended to not put property in LLC???

Michael Shadow
  • Investor
  • Bellefonte, PA
Posted

I called an attorney yesterday to get some information about closing cost and in the process I asked about the transfer tax if I buy the property in my name and then move it to the LLC. He said I shouldn't be putting properties into an LLC. This really baffled me. Does anyone know why he would say this?

I have since then contacted another local REI and he gave me the name of another local attorney that also invest in RE. I'm going to call him today to see what he says about it.

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