Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

23
Posts
0
Votes

Quitclaim deed to LLC and refinance question

Chavdar Kehayov
Posted

Hi guys,
I have a couple of properties on my name and I am planning to quitclaim deed them to my LLC. What makes me confused is I'm planning to refinance them after couple of months. What it is going to happen when I apply for refinancing. The loans are on my name, but the titles are on the LLC? Which credit is going to be used for the refinancing mine or LLCs? Also once I transfer title do I have to cancel the insurance and apply for a new one with the LLC as beneficiary? Last one: Is there any way to remove the loans from my name? I heard from someone that he transfer everything into land trusts and then called the credit bureau and told them the he is not the owner anymore and they removed them.
Thank you very much
Happy thanksgiving
Chavdar

Loading replies...