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Updated over 1 year ago on . Most recent reply

User Stats

44
Posts
14
Votes
Carol D.
  • Investor
  • Indianapolis, IN
14
Votes |
44
Posts

Cost to retitle a property into an LLC

Carol D.
  • Investor
  • Indianapolis, IN
Posted

I have paid off one of my rental properties and would like to move it into an LLC. I can create the LLC online easy enough... but how do I transfer the title? Should I do this myself or just have a lawyer do it? I contacted one lawyer and she said it would likely be billed as 1-hour at $325. Does this sound reasonable? Thanks for any advice or input.

Most Popular Reply

User Stats

44
Posts
14
Votes
Carol D.
  • Investor
  • Indianapolis, IN
14
Votes |
44
Posts
Carol D.
  • Investor
  • Indianapolis, IN
Replied
Originally posted by @Corby Goade:

Just go to your county's offices and ask them about quit claiming the deed in to your LLC. There's usually a one page form that you'll have to get notarized and there's probably a small filing fee. They should be able to provide you with the form and walk you through the process- I've done this a few times and I think the filing fee here is $15 or so.

 Corby - Thank you!  This is very helpful.  I called a few more lawyers and found one that seems more in tune with RE because he had a set fee for a quick claim deed... which was $160 plus the county filing fee.  So, I will take your advice and start at the courthouse.  Ultimately I have several houses to retitle into LLCs so if I can do it myself it will save chunk of money.  Thank you!

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