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Updated over 11 years ago on . Most recent reply

User Stats

36
Posts
4
Votes
Davian M.
  • Rental Property Investor
  • Florence South Carolina
4
Votes |
36
Posts

Refi before Executing deed of trust to LLC

Davian M.
  • Rental Property Investor
  • Florence South Carolina
Posted

All,

My mane is Davian and I am new to the site. I am a novice investor and was hoping to get a little advice regarding a deal I have in the works. I am currently purchasing a REO home and will renovate the property before I rent it out. For asset protection purposes I need to conduct a deed transfer to my LLC, however I wanted to refinance the property as there is a great deal of equity available that will pay me back my initial investment plus allow me to invest in a second property. If I execute the dead of transfer to my LLC and then refinance,is this a taxable event? What is the idea approach to take here considering I have to wait 6 months due to seasoning? I also have a second deal that is a cash purchase and I want to use the same strategy, is seasoning a factor when it's a cash purchase. Any thoughts will be greatly appreciated.

Regards
Davian

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