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Updated about 7 years ago,
How do I get my properties into an LLC?
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!