Transferring existing properties into an LLC?

[Martinis Jackson]

Does anyone know the process for transferring properties held personally into an LLC and making the LLC the owner of the properties? Is this possible and better yet is it a smart decision if the properties are going to be used as rental properties?

Thanks,

MJ

[Account Closed]

Martinis,

If the property is finance in your name no matter if you quit claim to LLC you are still personal responsible for the loan. Some investors try to shield their properties in an LLC which is good if you finance it in an LLC to start with, but if you finance in your personal name and transfer to an LLC later a history check of title will still show your personal name.

Joe Gore