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Updated almost 10 years ago on . Most recent reply

User Stats

92
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4
Votes
Joe Boggin
  • Philadelphia, PA
4
Votes |
92
Posts

how to transfer property to LLC?

Joe Boggin
  • Philadelphia, PA
Posted

i have two properties and im trying to purchase my third property.  they were all purchased under my name.  no mortgage.  

i think its about time i get an LLC. if i wanted to transfer the property from my name into the name of my LLC i have to pay transfer tax? 4% of the assessed fair market value for each property? thats like 2k per property? is there any way around this?

this is in philadelphia, pa

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