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Andy Sudbrock
  • Investor
  • Fairview, TN
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Transferring ownership into LLC

Andy Sudbrock
  • Investor
  • Fairview, TN
Posted Aug 8 2016, 08:34

Hi All, I'm currently purchasing my first SFR rental property and I have an LLC set up for it. The lenders won't lend directly to a brand new LLC with no assets so I have to purchase the property in my name and then transfer it into the LLC. What is the best method to do this to perform the transfer correctly while not fouling up title, deed or creating any undue tax consequences. Thank in advance!

PS I'm in middle TN

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