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Updated about 4 years ago,

User Stats

19
Posts
9
Votes
Amber Krueger
  • Rental Property Investor
  • Madison, WI
9
Votes |
19
Posts

Is it time to move rental to an LLC?

Amber Krueger
  • Rental Property Investor
  • Madison, WI
Posted

I'm pretty fresh in the real estate world, but am looking to expand over the next couple years. My first property was a condo that I lived in and rehabbed. There is a HELOC on this property that will be used for a future property. I'm now renting that out and rehabbing a single family which is my current residence. I'm looking to purchase a multi-family that needs some lipstick in the near future! I have an LLC already established for yoga business that, due to Covid and my attention being focused on RE, is pretty null and void. I'm wondering if I should put my condo under the LLC and get a credit card under that entity to begin building business credit for a future loan or continue with things as is. Thanks for the feedback!

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