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Updated about 7 years ago on . Most recent reply

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Brian H.
  • Carolina
222
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519
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How do I get my properties into an LLC?

Brian H.
  • Carolina
Posted

Those of you that hold your rentals in an LLC? How do you do it? For various reasons, I would like to, as I buy rentals, have them in the name of my LLC. I know some people disagree with that idea, but it is something I do want to do.

So, I am trying to figure out how those of you that do hold your rentals in an LLC or LLCs, how do you do it? Don't I have to get a loan in my name (if conventional) So then transferring to the LLC could trigger the due on sale clause?  Do you just go through hard money lenders?   I just really want a 30 year term on my first few.  Just in case.  

Would love any advice/ideas.'

Thank you all!

Most Popular Reply

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276
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Grant Shipman
#1 Legal & Legislation Contributor
  • Rental Property Investor
  • Estes Park, CO
1,197
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276
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Grant Shipman
#1 Legal & Legislation Contributor
  • Rental Property Investor
  • Estes Park, CO
Replied

Lots of great resources. I have found that the most helpful cost at least some money or a library card. Loopholes in real estate will speak directly to the questions you're asking in the later chapters.

  • Grant Shipman
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