Dear RE Investors, Could you please advice me on my current situation.
I currently own a house and planning to buy another house in another school district in 6 months and convert my existing house into a rental property. I need to stay in my current house till end of August as I received the tax credit during the 2009 tax credit scheme.
Now I came across a good deal in the area that I am trying to relocate to after August.
If I get that deal I will have to rent that new house till August before I move in.
Now which property should I put under an LLC. The new second house will be a rental till August.
Please post what would be your approach.