How to change title using your personal name to LLC?

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How to change title using your personal name to LLC?

Trevor Neale
Rental Property Investor · Newark, NJ · Member since 2023 · 57 posts · 23 votes

What is the procedure of changing your investment property to a LLC to protect you ?

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
Quote from @Devin Peterson:
Quote from @Trevor Neale:

What is the procedure of changing your investment property to a LLC to protect you ?

 @Chris Seveney Here we are again! - Trevor, there is a common misconception to this notion. I must have seen Chris answer this two dozen times over, and he does a real good job at it. That being said, if you wanted to change title for any reason you can try with a quit claim deed at your local attorney or title office. Just make sure the lender who holds the note doesn't have any rules around acceleration clauses in their loan covenants. Good luck!


 HAHA if I did not answer this question in the past my 18,530 posts would only be 530 posts. 

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  • Christine Mulkins
    Rental Property Investor · Medford, OR · Member since 2017 · 94 posts · 115 votes
    1y

    I'm not sure of all the steps required. But before anything, you should comtact your lender to be sure they won't require the mortgage be paid in full (i.e., call the note) once you change ownership from you to the LLC - that is, assuming you have a mortgage on the property.

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  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes
    1y
    Quote from @Trevor Neale:

    What is the procedure of changing your investment property to a LLC to protect you ?

     @Chris Seveney Here we are again! - Trevor, there is a common misconception to this notion. I must have seen Chris answer this two dozen times over, and he does a real good job at it. That being said, if you wanted to change title for any reason you can try with a quit claim deed at your local attorney or title office. Just make sure the lender who holds the note doesn't have any rules around acceleration clauses in their loan covenants. Good luck!

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    • Chris SeveneyBusiness Member
      Moderator
      Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
      1y
      Quote from @Devin Peterson:
      Quote from @Trevor Neale:

      What is the procedure of changing your investment property to a LLC to protect you ?

       @Chris Seveney Here we are again! - Trevor, there is a common misconception to this notion. I must have seen Chris answer this two dozen times over, and he does a real good job at it. That being said, if you wanted to change title for any reason you can try with a quit claim deed at your local attorney or title office. Just make sure the lender who holds the note doesn't have any rules around acceleration clauses in their loan covenants. Good luck!


       HAHA if I did not answer this question in the past my 18,530 posts would only be 530 posts. 

      7e investments53 Reviews
      WebsiteView Page
      4Reply
    • Trevor Neale
      OP
      Rental Property Investor · Newark, NJ · Member since 2023 · 57 posts · 23 votes
      1y
      Quote from @Devin Peterson:
      Quote from @Trevor Neale:

      What is the procedure of changing your investment property to a LLC to protect you ?

      Hmmmm amazing thanks

       @Chris Seveney Here we are again! - Trevor, there is a common misconception to this notion. I must have seen Chris answer this two dozen times over, and he does a real good job at it. That being said, if you wanted to change title for any reason you can try with a quit claim deed at your local attorney or title office. Just make sure the lender who holds the note doesn't have any rules around acceleration clauses in their loan covenants. Good luck!


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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    1y
    Quote from @Trevor Neale:

    What is the procedure of changing your investment property to a LLC to protect you ?

    A warranty deed is drawn up and executed by yourself with notary acknowledgment transferring title from yourself to the entity LLC.  This deed instrument is submitted to the county recorders office for “filing”.  The county recorder will time stamp it “recorded” and send the original back to you.  Any real estate or transactional attorney can handle this for $300 or less. 
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  • Stetson Oates
    Member since 2024 · 65 posts · 63 votes
    1y

    If you have title insurance, once you move the title to the LLC your policy won't follow. If this is important, have the title company re-issue a policy.

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    • Peter Walther
      Specialist · Winter Springs, FL · Member since 2009 · 1k+ posts · 747 votes
      1y
      Quote from @Stetson Oates:

      If you have title insurance, once you move the title to the LLC your policy won't follow. If this is important, have the title company re-issue a policy.


      The definition of Insured in an Owner's title policy may include an LLC owned just by the named insured(s) in the current policy. The OP needs to check his policy if he has one. In my experience a title insurer generally will not "re-issue" a policy, though an uninformed agent may do so inadvertently. If there are changes to be made to a policy, an endorsement may be issued.

      1Reply
  • Steve K.
    Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
    1y

    My understanding is that if you close in your personal name and then transfer to an LLC, you'll lose many of the benefits of an LLC. Better to hold title with the LLC to begin with.

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    • Brian Binkley
      Member since 2025 · 12 posts · 13 votes
      9mo
      Quote from @Steve K.:

      My understanding is that if you close in your personal name and then transfer to an LLC, you'll lose many of the benefits of an LLC. Better to hold title with the LLC to begin with.


      Steve - for the uninformed (aka me), what benefits do you lose of an LLC by not holding title to begin with?

      1Reply
    • Steve K.
      Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
      9mo
      Quote from @Brian Binkley:
      Quote from @Steve K.:

      My understanding is that if you close in your personal name and then transfer to an LLC, you'll lose many of the benefits of an LLC. Better to hold title with the LLC to begin with.


      Steve - for the uninformed (aka me), what benefits do you lose of an LLC by not holding title to begin with?

      Yes just what Stuart said: closing in your personal name then transferring the title creates a public record that links your name directly to the LLC, potentially negating the anonymity you might have sought.

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  • Philip Meza
    Member since 2023 · 5 posts · 1 vote
    1y

    Trevor,

    What did you end up doing?

    Have you look into transferring the property to a land trust?
    Using a nominal trustee (or another LLC such as NM LLC) and assigning the beneficial interest to the LLC.

    Phil M

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  • Stuart UdisPro Member
    Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
    9mo

    @Brian Binkley A lot of investors associate owning real estate in an LLC as being anonymous and incorrectly believe anonymity=asset protection. Anyone who completes a nominal transfer from their personal name to an LLC are pretty easy to identify because deed records are public. I believe the ease at identifying you through the nominal transfer is what Steve was getting at. LLC's are only as strong as your operations and systems. That's where most fail.

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