Warranty or Quit-claim?
Hi all,
I'm trying to determine the best way to move property (owned outright) from me to my wife. I have 10 conventional loans and can't acquire more, she however still has less than 10. We had a child, she became a stay at home mom (thus no more income), and we want to purchase a few more. I want to move the properties so the cash flow shows as income for her.
Wanted to see what the community thinks is the best way to move these properties.
Quit claim from me to her
Warranty deed from me to her
Open up LLC with her as sole member and quit/warranty to LLC.
Thanks in advance