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How to move rental units from personal to LLC structure
I am trying to restructure my rental units (2 duplexes), currently in PA. Currently, they are financed under my personal name. My goal is to set up an LLC in Wyoming (I heard this is the best state to do an LLC) and structure these properties under this new LLC entity. I am uncertain about the mortgage part because I have grate interest rates being under my personal name. I would assume the mortgage would need to be changed because it's a personal loan. Also, my insurance is coming up in June and I would like to restructure so I can change the insurance coverage to the LLC. Can anyone provide advice and steps to moving this forward?