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Updated over 6 years ago,

User Stats

17
Posts
3
Votes
John Novu
  • Glendora, CA
3
Votes |
17
Posts

Bought a Triplex and got a LLC. Now what?

John Novu
  • Glendora, CA
Posted

I’ve currently closed on a triplex in San Bernadino county w/ 20% Down. I’m doing some cosmetic repairs, and hope to have enough to take out about 30K to invest in another property in 6 months. My realtor said I can take out the cash after 6 payments. 

Question: is now that I opened a LLC To cover me in case of a lawsuit. Will the LLC interfere with me taking out the cash? Should I wait until the refi is done before putting the triplex under the LLC?

Thank you 

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