LLC questions on Property transfer and Insurance
Good Day Investors ,
So finally after my 3rd Property - I did dive into opening an LLC. I know the next thing would be to do a QuitClaim to transfer the investment properties to the LLC.
Q1. When I do a Quitclaim - the state would show the LLC while the title would be on my name - does that cause an issue ?
Q2. Should I be doing a Warrant deed instead ?
Confused on them - and there are conflicting articles on the web on both.
Q3. As for the LLC - do you recommend what kinda Insurances should I be taking ? Liability etc ? and amounts ?
As always thanks for taking the time and responding.
Thanks
Ketan