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Updated over 9 years ago,

User Stats

24
Posts
19
Votes
Becky Farnsworth
  • Investor
  • Meridian, ID
19
Votes |
24
Posts

How do I put my investment properties in a business name?

Becky Farnsworth
  • Investor
  • Meridian, ID
Posted

Hi everyone!  I am new to the group and look forward to your advice! My husband and I have 2 rental properties in our name.  The first one used to be our primary home so we left it in our name because we didn't know how to change it.  Then we bought another property about a year ago and our loan officer said she couldn't do a loan for us in a business name.  It was easy enough to finance it with our credit, so we went that route and now have 2 investment properties in our name.  We would like to separate our liability and put them in a business name.  What is the best way to do that?  Will there be any tax consequences when we sell either home?  

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