All Forum Posts by: Mackay Oakey

I'm new to the BP community, but for the last few months I've come to love listening to Brandon's great stories, insights, and quuuuuuuick tips as I've listened through new and old podcasts. Thanks for the update on the forum @Nikki Frick and thanks @Brandon Turner for all of the great podcasts/videos!

Thanks @Joe Splitrock for the detailed response. This is a question I've been stuck on for quite some time too. Since the goal is eventually to pass liability onto the LLC and away from the individual can you have the LLC pay you back with its cash reserves/collected rents over time so that the asset eventually belongs to the LLC instead of you? I assume there would be taxes involved with having the LLC buy a property from the individual?

I hope these further questions make some sort of sense. I'm still a newcomer to the RE investing world!