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Property in Association swap ownership to LLC
Hey Guys,
Do you know if an association will allow an owner (condo paid off) currently rented (good ROI) to swap ownership into an LLC?
I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly.
Any feedback will be appreciated 👍 thanks!
This will vary HOA to HOA, but generally if there is no covenant restriction against renting your unit, then an HOA will have no say in how it's titled.
-
CPA Colorado (#23225)
- Clue Business Services, Inc.
- Podcast Guest on Show #244
If there are restrictions, you can use a land trust where you are the initial beneficiary then make an assignment to your LLC that will stay private.
Hemlane
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