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Updated almost 2 years ago on . Most recent reply

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11
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Katie Ann Mangan
  • Seattle, WA
12
Votes |
11
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Attorney with properties in different states

Katie Ann Mangan
  • Seattle, WA
Posted

Hello all!

My husband and I currently live and operate an STR house hack in Seattle, WA. We also own a beach property in gulf shores, AL

We are in the process of purchasing our next property in Grand Rapids Michigan and are likely going to be buying several there. We are wanting to move our Alabama condo into an LLC (currently under our personal name as we used the 10% down vacation home loan) and will want to probably start moving our michigan properties into an LLC once we have them.

My question is, does it make more sense to talk to an Alabama attorney or a michigan attorney to get this process started?

Any recommendations for attorneys in those areas would be great as well! Thanks!

Most Popular Reply

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2,616
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897
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Dave Skow
  • Lender
  • Seattle, WA
897
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2,616
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Dave Skow
  • Lender
  • Seattle, WA
Replied

@Katie Ann Mangan- good luck with your plans ...if you have loans in any of these properties - you might inquire with the lenders about the idea ( as some lenders might have an issue ) ...if the plan with obtaining the new places is to do them in LLC name -and you need financing - make sure your lenders are OK with making loans in a LLC name

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