Transfer my property in CT into my LLC, what's the process?

[Brian Davis]

Looking to transfer my property to my llc, what is the process, and any insights on this?

[Marco Padilla]

Just a few questions. 1) Do you own the property outright? I only ask because if you don't and have a loan on it or are intending on getting a loan on it (BRRRR method) in the future it is easier to get a loan if it's in your name and you can get more $$$ if it's in your name.
2) If there is a loan on it most lenders will give you a hard time getting it into the name of an LLC (We are in PA and tried to do the same and had a hard time changing it into our LLC then only to find out the banks did not want to lend on it cause it was in LLC and when when we found one that did they only wanted to give us 60% of ARV so we had to change it back to our name and get the 80% on it. Either way don't go at it alone.
3) Get the right legal help & structure believe me it will save you $$$ in the long run.
Good luck.