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 4 years ago,
LLC basics - the paperwork and accounts
Quick basic few questions on an llc:
- I am getting a loan under my personal name and plan to then transfer it to the LLC. I am aware of the Due on Sale clause risks. I am wondering how it actually gets placed under the LLC after closing. Is this something any good lawyer can do for me? Is there a "seasoning" time period where I need to wait a certain amount of time?
- for book keeping, I assume most landlords then set up checking and savings accounts under that applicable LLC for that property?
Thanks!