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All Forum Posts by: William Michael

William Michael has started 1 posts and replied 2 times.

Creative Real Estate Financing

Post: Transferring rental property to llc

William MichaelPosted
  • Posts 3
  • Votes 0

With that being said what would be best way to obtain another property to have as a residence without selling off rental properties.

0 Votes
Creative Real Estate Financing

Post: Transferring rental property to llc

William MichaelPosted
  • Posts 3
  • Votes 0

I have two rental properties and am trying to buy a home for my family. Make 12k a month but have 4k in debt with the rentals being 3k of the debt. I started a llc for the rentals but was curious on how I can transfer rentals into my newly started llc to free up some of the debt to income to be able to buy a home for family.

0 Votes