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Maryann Lacey
  • Investor
  • newburyport, MA
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quit claim deeding from my name to my LLC

Maryann Lacey
  • Investor
  • newburyport, MA
Posted Jan 8 2015, 19:14

Hello!

I am a newbie and I am hoping to get advice. In order to get the mortgage on my second out of state turnkey property, I had to buy it in my name. I just set up an LLC with Incorp. and now I was told to just quitclaim deed the property into the name of the LLC? I don't know if I need a lawyer to do that or not? I don't have a clue how to do it myself. I also want to know if it makes sense to have my accountant or else a lawyer or else both check to see if my LLC is set up the right way? Or would Bigger Pockets be the place to research to see if my LLC was set up the right way. I understand that I will need to have the insurance policy and the property management agreement changed to reflect ownership being the LLC. By the way I am in Massachusetts if that matters?

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