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Updated almost 7 years ago on . Most recent reply

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20
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AJ Brown
  • Smyrna, GA
5
Votes |
20
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Quit Claim Deed Georgia - Personal to LLC

AJ Brown
  • Smyrna, GA
Posted

Hey BPers - I have a rental property for which the loan is in my name. However, I would like to transfer the loan to my LLC. I've been trying to Google the process for GA but the internet has been a little vague.

Has anyone done this in Georgia and is it as painful as it seems?

Most Popular Reply

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313
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207
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Stan Sugarman
  • Investor
  • Decatur, GA
207
Votes |
313
Posts
Stan Sugarman
  • Investor
  • Decatur, GA
Replied

There is a box on the PT-61 to check for related party transaction. That exempts it from transfer tax and property tax reassessment based on sale. The only fee is recording charged by the Clerk of Courts

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