Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

presented by

User Stats

46
Posts
11
Votes
TJ Addison
  • Investor
  • Cortland, NE
11
Votes |
46
Posts

Transferring a property with a quit claim deed

TJ Addison
  • Investor
  • Cortland, NE
Posted

I have a property that I purchased in my name. Since then I have formed an LLC and want to transfer the deed into the LLC's name using a quit claim deed. I spoke with my lender and they said this was ok and wouldn't cause a due on sale. I can find a quit claim deed on-line and it looks like a simple form, but what do I do with it? Do I send it to a title company?

Most Popular Reply

User Stats

17,981
Posts
6,325
Votes
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,325
Votes |
17,981
Posts
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

I agree with TJ's recommendation above that you should have your deed reviewed by an attorney. And you can do it economically by drafting a deed yourself, signup for LegalShield (which is membership type organization allowing you to have access to any lawyer anywhere in the US) and have them review it for you and correct if needed. The membership cost is less than $20/mo and you can use it anytime for any legal matter. As real estate investor you would definitely benefit from this legal service, look it up. I've done what I'm suggesting and it worked just fine. 

  • Dmitriy Fomichenko
  • (949) 228-9393
  • Loading replies...