I am transferring the building into an LLC and understand a quitclaim deed is likely the way to go.

What is the the process to transfer the property to LLC for liability protection when I rent it?

Hey Chicago investors -Quick technical question on the Cook County AHSAP (Class 9) incentive.I am under contract on a 16-unit in Phoenix, IL, and we just received our formal approval letter from the Assessor reducing the AV by 25% through 2033.My question: When transferring title to the new partnership entity, does the 'Change of Ownership' affidavit need to be recorded before funding, or can the title company handle it simultaneously with the deed?

Today I registered an LLC and am in the process of transferring (deeding) the property into the LLC.

There are lenders that have ARM 30yr amortized options; I don't find that option comforting.For the workaround to have the property be in an LLC, but have a fixed mortgage, is having Title be in the individual's name, and then post-closing transfer into LLC. 

Hi there, has anyone transferred ownership of a property already registered with Chicago for short term rentals to an LLC?

Hey Dave, lots of investors build their buyers list by tracking activity from local public records especially recent cash purchases, LLC transfers, and repeat buyers in the county.It helps you identify who’s actually buying right now instead of collecting random emails.If you ever want to talk through ways to source or organize that data efficiently, happy to share what I’ve seen work well for others.

Curious what methods other investors are using to track commercial activity in Phoenix/Metro before properties get publicly listed.Permit filings, deed transfers, and assessor changes, are you doing this manually through county portals, or have you found anything that actually works at scale?

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A common approach is to talk to your insurance agent and lender first, since lenders may require a refi or only allow a transfer to your own entity if you remain personally liable, and insurance must correctly name the LLC (and you) or you can get burned on coverage.