Transferring a property into a LLC - Posted by Chris

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Transferring a property into a LLC - Posted by Chris

Posted by Chris on July 04, 2004 at 23:42:12:

My partner and I have been buying single family houses individually and now want to transfer them into our LLC. Can we simply quit claim them or do we need to go another route like using a land trust? Any ideas? Is the due on sale clause a real issue?

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Re: Transferring a property into a LLC - Posted by jmathis

Posted by jmathis on July 04, 2004 at 23:48:46:

You can quick claim your properties into an LLC, however if there is any original finnancing it will still be in your name.
John

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