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Florida Real Estate Q&A Discussion Forum

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Nick Macklin
Pro Member
  • Real Estate Agent
  • Oak Harbor, WA
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129
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To Quit Claim to LLC or not?

Nick Macklin
Pro Member
  • Real Estate Agent
  • Oak Harbor, WA
Posted Feb 26 2019, 14:30

I know there are some posts about this on the forum already but I hadn't seen any specifically about Florida. It also seems there are some different takes on it. During due diligence on multiple properties I have been looking at it seems very common for people to buy and then quit claim the deed to an LLC. This makes financing easier (**enter the due on sales clause arguments**) but I wonder about the commingling side of things and I am confused about how you account for it on taxes if you are a multi person LLC. Seems like things get confusing. Hopefully some of you can help me out since I have some offers drafted I just need to figure out what name they will go under!

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