Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

1
Posts
0
Votes
Russell Rapier
0
Votes |
1
Posts

Primary residence into LLC

Russell Rapier
Posted

I have an LLC that is for buying and renting homes. For my first rental me and my wife moved our primary residence into the LLC and are going to buy another house with a conventional loan.

my question is how long am I legally obligated to stay in this new house before doing to same thing, I.E. moving it into the LLC and making it a rental property?

I know when you sign your mortgage it says you have intent to have the home as your primary residence for 12 months but is that a legal obligation or can you make it a rental earlier?

Loading replies...