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Tax, SDIRAs & Cost Segregation

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Peter Milic
Pro Member
  • Real Estate Agent / Investor
  • Chicago, IL
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13
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Quit claim deed, what is the process?

Peter Milic
Pro Member
  • Real Estate Agent / Investor
  • Chicago, IL
Posted Mar 12 2018, 15:16
Hi BP, I have a quick question. I want to do a quit claim deed on the properties that I own to move ownership to a LLC, I formed the LLC everything is almost done, but now my attorney tells me that he couldn’t record it with the county until I get approval from the Village, which means I might need to pay stamps, do a final water reading, get a village inspection done etc I just wanted to see if you’ve done this before, is this how it normally works? Basically the process is the same as if I was selling it? Or no? Thank you

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