Legal Question in Real Estate Law in Texas
I own a rental home in my own name, but am in the process of starting an LLC to own it. Instead of transfering the title, can I sell the home to the business? The main motivation here would be to take out equity for the purchase of more rental homes.
Asked on 9/08/10, 1:54 pm
1 Answer from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
Yes, and you would be wise to get an attorney to consult as you go forward...good luck
Answered on 9/14/10, 7:04 am