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Updated about 7 years ago on . Most recent reply

User Stats

37
Posts
12
Votes
Juan Pablo Murillo
  • Rental Property Investor
  • Seattle, WA
12
Votes |
37
Posts

Title - LLC transfer

Juan Pablo Murillo
  • Rental Property Investor
  • Seattle, WA
Posted
My business partner and I are buying a rental property (2bd/1ba) in Michigan. We’ve also formed an LLC in the same state. We’ve been preapproved for conventional financing. Because our LLC is new, we’re using personal financing. When do we transfer the title to the LLC so that we protect the liability of our assets? Thanks

Most Popular Reply

User Stats

37
Posts
12
Votes
Juan Pablo Murillo
  • Rental Property Investor
  • Seattle, WA
12
Votes |
37
Posts
Juan Pablo Murillo
  • Rental Property Investor
  • Seattle, WA
Replied

@David Michael

We're using conventional financing for the property. Our realtor suggested to file a quitclaim deed within 30 days of the closing date.

I also found this online:

https://www.legalzoom.com/articles/how-do-i-transf...

Hope it helps those interested in the thread: @Larry Douglas @Ken T.

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