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Updated almost 9 years ago on . Most recent reply

User Stats

90
Posts
31
Votes
Say Teoh
  • Residential Real Estate Broker
  • Portland, OR
31
Votes |
90
Posts

Transferring a rehab from my name to a LLC

Say Teoh
  • Residential Real Estate Broker
  • Portland, OR
Posted

Hi All:

I am middle of a rehab, and want to transfer the property from my name to a LLC (I am the sole proprietor). The house is scheduled to be on the market in 3 to 4 weeks time. Is there any downside to do a transfer close to the market date?

I know the buyer's lender will likely ask for more information if the title is not well seasoned (less than 6 months).  But I own the house less than 6 months anyway, so  not sure if the transfer will make a difference for the lender.

Thanks

Say

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