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Updated over 5 years ago on . Most recent reply

Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017

User Stats

320
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157
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Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
Isiah Ferguson
  • Investor
  • Charlotte, NC
157
Votes |
320
Posts
Starting Out

help, I need advice ????

Isiah Ferguson
  • Investor
  • Charlotte, NC
Posted

How do I transfer my rental property from my personal name to my LLC ? Quitclaim deed or warranty deed ?

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Ramesh T.'s profile image
Ramesh T.'s profile image
Ramesh T.
  • New to Real Estate
  • Member since Feb 17, 2019

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Ramesh T.'s profile image
Ramesh T.'s profile image
Ramesh T.
  • New to Real Estate
  • Member since Feb 17, 2019
Ramesh T.
  • New to Real Estate
1
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Ramesh T.
  • New to Real Estate
Replied

I am in the similar situation and my lender is saying if I do a quit claim deed to transfer to my LLC, I will have to pay the mortgage in full ( due at sale ). They also warned me that my title insurance will also be cancelled. Not sure how to work around this situation.

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