Updated about 2 years ago on . Most recent reply
Transferring my condo to a LLC
I own a condo and it is in my name.
No mortgage, in Florida. LLC is in FL as well.
I want to rent it out and transfer the ownership to my LLC. I have read that I need to get a Warranty Deed. Is it that easy? Would anyone be open to speaking to me about this process? I have been told conflicting advice.
Most Popular Reply
Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
What’s the purpose if I may ask? Short of someone hurting themselves in your condo and suing for more than the value of the condo there’s not really any asset protection. There’s not more than a 5 second google search of privacy. You’re adding complexity and costs, now and in the future, especially if you ever want to do a cash out refi. So what’s the upside?