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Updated almost 16 years ago on . Most recent reply

Ron King's profile image
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Ron King
  • Real Estate Investor
  • from Perry Hall, Maryland
  • Member since May 3, 2009
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Ron King's profile image
Ron King's profile image
Ron King
  • Real Estate Investor
  • from Perry Hall, Maryland
  • Member since May 3, 2009
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Ron King
  • Real Estate Investor
  • Perry Hall, MD
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Goals, Business Plans & Entities

Advice needed on moving an asset under a LLC

Ron King
  • Real Estate Investor
  • Perry Hall, MD
Posted

Currently I own 1 rental property that is not free and clear of a mortgage. After further reading, it’s in my best interest to create an entity and move the property under the entity name. I’m hoping that this forum can provide the guidance on what steps I should take if any.

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Natasha B.'s profile image
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Natasha B.
  • Member since Jun 16, 2009
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Natasha B.
Replied

Similar situation to Ron. The property however is not financed through a conventional bank, but a hard money lender instead. Can the property still be quit claim / warranty deed into the LLC? Would a similar "due on sale clause" apply in this case? Any assistance is truly appreciated. Thanks in advance.

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