Tips on Property Investment|The Best Investment Properties Advice
Apr
09
Filed Under (Property Investment Advice) by admin
J asked:
We were going to form an LLC and buy it through there but someone told me that an LLC cannot buy property, and that one of the 3 people would have to buy it. Is that true? Can you then transfer the property into the LLC? Would you want to do this? How is this taxed? What is the best way to go about this?
Darrell
We were going to form an LLC and buy it through there but someone told me that an LLC cannot buy property, and that one of the 3 people would have to buy it. Is that true? Can you then transfer the property into the LLC? Would you want to do this? How is this taxed? What is the best way to go about this?
Darrell
Oct
31
Filed Under (Property Investment Advice) by admin
J Rizzle asked:
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
