[WSBAPT] LLCs for Rental Real Estate

[Paul Neumiller]

My clients buy the rental residential property in their names personally (because it’s not worth fighting the lending bank) and then transfer the property to their LLC a couple of months later. No problems yet.

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Thomas White
Sent: Monday, April 10, 2017 3:57 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] LLCs for Rental Real Estate

Hi all—

I hope you’re having a great afternoon.

What has your experience been with putting residential rental properties in LLCs? I am getting a few PC questions about it.

Are there any local banks or credit unions you have found particularly good about financing for residential rental properties held through LLCs? Or great management companies?  What are the worst problems you’ve seen people run into or provisions you were really happy you had in the organizing documents?

Kind Regards,

--
Thomas H. White
(206) 552-8650
Attorney/Owner
King County Business Law
https://linkedin.com/in/LawGuy
Thomas.H.White at KingCountyBusinessLaw.com<mailto:Thomas.H.White at KingCountyBusinessLaw.com>

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