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Updated about 3 years ago on . Most recent reply

Gene Liang's profile image
Gene Liang's profile image
Gene Liang
  • Member since Jan 8, 2019
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6
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Gene Liang's profile image
Gene Liang's profile image
Gene Liang
  • Member since Jan 8, 2019
Connect
Gene Liang
2
Votes |
6
Posts
Rehabbing & House Flipping

Building a house from scratch

Gene Liang
Posted

How do I get started in adding another house to my property? My investment partner and I own a SF rental in Los Angeles county and we want to add another house to the property to rent out. My question is how to structure the setup to build this house. Currently the house is titled in our own names. Should we setup an LLC to do the development? Should we deed the property to the LLC? Do we sell the property to the LLC? How do we get started?

We have talked to an architect and my partner’s brother is a GC. The architect will work with the city to get the second house approved. We have the money to build the house. So, building the house is not an issue.

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