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Updated over 7 years ago on . Most recent reply

William R. Matthews IV's profile image
William R. Matthews IV's profile image
William R. Matthews IV
  • Rental Property Investor
  • from Leesburg, VA
  • Member since Oct 28, 2016
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William R. Matthews IV's profile image
William R. Matthews IV's profile image
William R. Matthews IV
  • Rental Property Investor
  • from Leesburg, VA
  • Member since Oct 28, 2016
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William R. Matthews IV
  • Rental Property Investor
  • Leesburg, VA
2
Votes |
36
Posts
Buying & Selling Real Estate

How to move personal property to LLC

William R. Matthews IV
  • Rental Property Investor
  • Leesburg, VA
Posted
What process should I do in order to transfer a paid personal piece of property into an LLC? I have a house paid for and rented out but I need to move it into an LLC. Advice and comments appreciated!
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Keong Kam's profile image
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Keong Kam
  • from San Jose, CA
  • Member since Jul 3, 2017
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Keong Kam's profile image
Keong Kam's profile image
Keong Kam
  • from San Jose, CA
  • Member since Jul 3, 2017
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Keong Kam
  • San Jose, CA
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Keong Kam
  • San Jose, CA
Replied

I would definitely double check the popular ‘just quit claim deed it to LLC’ idea with a lawyer. I read from Garret Sutton’s book that you lose the coverage of your original title insurance if you do QCD. He suggests to do a normal grant deed to your LLC.

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