Transferring a Property into the LLC

[Account Closed]

Hi Everyone,

This is my first post. I'm in the process of acquiring a property with my wife in Baltimore County, Maryland. The acquisition is on a personal basis with traditional 30 year financing. After close, I'm looking to transfer the property into multi-member LLC - the organizers/owners of LLC will be myself and my wife. I've been informed that this will trigger a taxable event and result in duplicate fees on a County, State and Administrative basis. Is there a way to eliminate/mitigate fees? Any thoughts would be appreciated. Thank you.