Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Leo Aso
0
Votes |
1
Posts

Transfer property from one LLC to another LLC

Leo Aso
Posted

I'm in the process of buying two vacant lots in FL. I have to transfer them from an LLC with multiple members to another LLC. Essentially, I'm buying out my partners and transferring the lots to my own LLC.

1.Do I need a purchase and sale agreement for this type of transaction? Draft with an attorney or create my own? 

2.Also, are there any tax advantages if I keep current LLC and just remove the members?

3.What are the cost of transferring lots into a new LLC?

4. Let's say I sell the properties in couple years. What are the capital gains calculated based on (sale price on purchase agreement)?


Thank you!

Loading replies...