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Updated about 5 years ago on . Most recent reply

Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
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Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
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Isiah Ferguson
  • Investor
  • Charlotte, NC
153
Votes |
316
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Starting Out

help, I need advice ????

Isiah Ferguson
  • Investor
  • Charlotte, NC
Posted

How do I transfer my rental property from my personal name to my LLC ? Quitclaim deed or warranty deed ?

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Ramesh T.'s profile image
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Ramesh T.
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  • Member since Feb 17, 2019
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Ramesh T.
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Ramesh T.
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Ramesh T.
  • New to Real Estate
Replied

I am in the similar situation and my lender is saying if I do a quit claim deed to transfer to my LLC, I will have to pay the mortgage in full ( due at sale ). They also warned me that my title insurance will also be cancelled. Not sure how to work around this situation.

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