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Updated over 11 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
2
Votes |
21
Posts

How to put property in LLCs name?

Jason Prendergast
  • Real Estate Investor
  • Debary, FL
Posted

Ive asked this question a bunch of times, and get very different answers (from people I meet). We both know when we buy our first (or first couple) properties, they will have to be in our names. My question is, how do I get it into the LLCs name after the fact? I want it there for tax and liability benefits. I have heard a lot about quit deeding, and do not want to go that route.

We want the business to show a profit for the next few years so we can eventually take out a loan in the LLCs name.

Most Popular Reply

User Stats

21
Posts
2
Votes
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
2
Votes |
21
Posts
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
Replied

So if its in the LLCs name, and the mortgage is in my name, and someone gets hurt on my property, that wont protect us?

You didnt mention anything about the tax benefits, or that we eventually want to take out a loan in the business name.

After a previous post I made the other day, We are 95% certain that we'll have a PM manage it.

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