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Updated 3 months ago,
Should I put Single Family LTR in LLC
Hi!
I have a property in Denver that I'm renting out long term. I got a letter from my mortgage company that said I can move the title into an LLC if I like without triggering the due at sale clause.
This is the only property I own in Colorado and am curious what advantages I will have by putting it in an LLC outside of limiting my liability. If anyone is versed on tax benefits or implications I'd be interested in hearing that as well.
Please let me know your thoughts.
Thank you,