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Updated over 5 years ago on . Most recent reply

Deborah Lynch's profile image
Deborah Lynch's profile image
Deborah Lynch
  • Investor
  • Member since Jul 2, 2019
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Deborah Lynch's profile image
Deborah Lynch's profile image
Deborah Lynch
  • Investor
  • Member since Jul 2, 2019
Connect
Deborah Lynch
  • Investor
11
Votes |
10
Posts
General Landlording & Rental Properties

LLC for AL rental property

Deborah Lynch
  • Investor
Posted
Hello, I'm buying my first SFH rental property in Alabama and will hold it in an LLC. 1) Is it best to form the LLC in Wyoming, or should it be an Alabama LLC? 2) The loan will be in my name and then I will either transfer title to the LLC or just add the LLC to the insurance - is the latter the best way to proceed to avoid triggering a possible due-on-sale event? Thanks, Deborah
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