Quit Claim Deed for Investors (Pro’s & Cons)
Hello Folks,
How to sell out a property investment using the
“Quit Claim Deed” or what we generally known as
“Quick Claim Deed”?
Have anyone tried this way of selling investment properties from one Entity to another, ex.
One LLC stated in Florida sale or transfer a property to another LLC stated in Delaware.
My question and doubt came out today when I tried to clean the history CDOM of that property showing in the records that was Sold (not everybody knows what is a QCD) specially in Zillow, Trulia, etc.-
I really found it as an interesting Strategy but what I'm not sure is, if we can change the Active status in the MLS for Pending and later on as Sold using "QCD".
Some attorneys sayid that the QCD is not for sales only for transfers properties between families, friends, etc.
Any suggestions??? Or Comments are very welcome!