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All Forum Posts by: Willie Flint

Willie Flint has started 1 posts and replied 3 times.

Goals, Business Plans & Entities

Post: Transferring 2 properties from personal ownership to LLC

Willie FlintPosted
  • Posts 3
  • Votes 1

I think we will just file the quit claim deed for the house wholly owned to the LLC. The other 2 with mortgages, we will leave as-is as I don't need any risk with the bank calling in the loan, even if it is unlikely. (Thanks Sean!). We'll pay off those loans quickly, then file the quit claim deeds on those as well when paid off. Too much going on simultaneously, so simple is good for now.

I really appreciate the input everybody!

Willie

0 Votes
Goals, Business Plans & Entities

Post: Transferring 2 properties from personal ownership to LLC

Willie FlintPosted
  • Posts 3
  • Votes 1

May I clarify. these 3 houses are in our personal names, not the LLC. We want to move them to the LLC.

0 Votes
Goals, Business Plans & Entities

Post: Transferring 2 properties from personal ownership to LLC

Willie FlintPosted
  • Posts 3
  • Votes 1

Hello experts,

We have 3 rentals, 2 with mortgages, and started an LLC. We are buying more properties for sure and want to do things optimally. Does the bank allow transferring title to an LLC, or will require a re-finance with the LLC "Buying" the property? The third rental is 100% owned by us.

We want to BRRR all 3, but want to get everything into the LLC.

Thanks!

1 Vote