Results 1 to 6 of 6

Threaded View

  1. #1
    Join Date
    Apr 2018
    Posts
    14

    Default LLC Ownership of Rental Property

    My question involves business law in the state of: New York

    I have two questions regarding LLC ownership of rental properties for personal liability protection.

    1) What is the proper way to take an existing rental property that one personally owns, and transfer ownership of that property to an LLC that you also own?

    2) Same scenario above except, you are buying a brand new rental property. Is it best to have the LLC buy the property itself, or to buy the property personally and then transfer ownership of the property to the LLC.

    Thanks very much in advance, not looking for anything crazy specific, just trying to get a general understanding of how this process.

    1. Sponsored Links
       

Similar Threads

  1. Enforcement of Judgments: Asking Court for Full Ownership of Rental Property
    By Rfoster143 in forum Divorce, Annulment and Separation
    Replies: 22
    Last Post: 06-12-2018, 11:00 AM
  2. Adverse Possession: Can a Tenant Get Ownership of a Rental Home if the Landlord Isn't Paying Taxes
    By chanericat in forum Real Estate Ownership and Title
    Replies: 15
    Last Post: 01-07-2015, 06:36 AM
  3. Business Issues: Rental Property Ownership Florida
    By puppetjr in forum Business Law
    Replies: 1
    Last Post: 01-17-2010, 07:40 AM
  4. Co-Ownership: Co-Ownership Rental Rights
    By Cleocatra in forum Real Estate Ownership and Title
    Replies: 2
    Last Post: 10-06-2009, 04:31 PM
  5. Foreclosure: Rental is in Foreclosure, Landlord's Ownership is Questionable
    By luvmyboys in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 07-29-2009, 10:10 AM
 
 
Sponsored Links

Legal Help, Information and Resources