64: Rookie Reply: How Do I Place Properties Under a Newly Acquired LLC?
22:05 Share

This week’s question comes from Mantas) on the Real Estate Rookie Facebook Group. **Mantas **is asking: How do I place properties under a newly acquired LLC?

Before you place your properties in an LLC, you’ll need to ask yourself if you need an LLC in the first place. This really **depends on your goals **as an investor and whether you have a partner or not. Many investors skip the LLC route and put a rental property solely in their name, while other investors that work with partners choose to either start a new LLC) or put the new investment property in their current LLC.

Here are some suggestions:

• Make sure you know the financing options for LLCs vs. buying in your own name

**Get an **umbrella policy) if you don’t have an LLC

• Speak to a trusted attorney or submit LLC paperwork yourself (if not too burdensome)

• Get commercial financing for your LLC and purchase the house in its name

• And Much More!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group)! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Check the full show notes here: http://biggerpockets.com/rookie64

Learn more about your ad choices. Visit megaphone.fm/adchoices)