Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

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 over 12 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Brett Dennis
  • Overland Park , KS
0
Votes |
2
Posts

Transferring property to LLC and LLC setup.

Brett Dennis
  • Overland Park , KS
Posted

I did see several LLC threads...very helpful. I want to go back to the attorney knowing more details from experienced real estate investors. I do have LLC's and one is holding real estate with my father so some experience with the subject in general. I'm setting up a KS LLC for KS properties. Reason, new tax law no LLC tax for KS LLC's. and asset protection. Ultimately the LLC will need to flow to a Joint Revocable Trust to avoid probate. I'm sure my attorney can address that piece. The 4 properties are titled in 3 different ways for various reasons at the time, 1031 exchanges, for convenience and urgency of gaining signatures and closing. 2 homes are titled in both our names. 1 titled in my name only. 1 is titled in both our names in the revocable trust. I'm wondering if these properties need to have the same names on the title in order to be contributed to the LLC, members can be my wife and I? Is they do need the same names that might create additional issues with title insurance and more paperwork. I hope the title companies will either amend or reissue insurance in the name of the LLC in order to avoid losing the insurance. Thank you in advance for the expertise.

Loading replies...