Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Can I switch a property in our personal names to an LLC I opened?
I’m working on purchasing my first rental property but I don’t have an llc just yet. I just applied for one but it could take more than a month to get it. If I purchase this property in my name, then how hard is it to switch it under the llc and also are there any tax repercussions? Or would I be better off just leaving this property in my name until I acquire more?