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Updated over 1 year ago on . Most recent reply

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119
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52
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Amby Bhagtani
52
Votes |
119
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Move property to LLC

Amby Bhagtani
Posted

Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !

Most Popular Reply

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613
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301
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AJ Exner
  • Lender
  • Springfield, MO
301
Votes |
613
Posts
AJ Exner
  • Lender
  • Springfield, MO
Replied
Quote from @Amby Bhagtani:

Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !

Amby,

You could either Quit Claim it, like @Remington Lyman suggested, or refinance if you are in a position to (don't have a 2020 rate and have some equity in it). The kicker for a lot of folks is giving up a 3%-4% rate to do that which makes Quit Claims a little more effective.

You just want to make sure that the title is done properly to avoid any downstream concerns

  • AJ Exner
  • [email protected]
  • 417-427-2612
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