Transferring property from an single-member LLC to yourself
I would like to transfer my Lakehouse out of the LLC to myself. I have around $65,000 invested in the property. I have a $75,000 line of credit against it. During getting The line of credit on the house in appraised for $120,000. What is the minimum amount I could charge myself for the house.
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you don't "sell the property back to yourself". You simply execute a warranty deed and put it back into your name. I have done this several times with my properties for refinancing purposes.