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Carmelo Pollicina
  • Rental Property Investor
  • Eastchester, NY
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12
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Changing deed from LLC to personal back to LLC to get financing

Carmelo Pollicina
  • Rental Property Investor
  • Eastchester, NY
Posted Aug 2 2019, 20:56

Duplex in Delaware currently in an LLC, but the owner of the LLC is a holding company. My wife and I are the only members of the holding company. We want to refinance in our own names, then transfer it back to the current LLC. We know we have to transfer ownership via a quit claim deed. The transfer forms are fairly simple.

The questions are what expenses will we incur to do this?

Approximately how much are recording fees for the transfer with the county?

Are these transfers taxable events?

Would there be a transfer tax? If so, approximately how much would we have to pay?

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