Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
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 about 5 years ago,

User Stats

6
Posts
0
Votes
Nestor C.
  • Real Estate Agent
  • Miami, FL
0
Votes |
6
Posts

Quit Claim Deed for Investors (Pro’s & Cons)

Nestor C.
  • Real Estate Agent
  • Miami, FL
Posted

Hello Folks,

How to sell out a property investment using the

“Quit Claim Deed” or what we generally known as

“Quick Claim Deed”?

Have anyone tried this way of selling investment properties from one Entity to another, ex.

One LLC stated in Florida sale or transfer a property to another LLC stated in Delaware.

My question and doubt came out today when I tried to clean the history CDOM of that property showing in the records that was Sold (not everybody knows what is a QCD) specially in Zillow, Trulia, etc.-

I really found it as an interesting Strategy but what I'm not sure is, if we can change the Active status in the MLS for Pending and later on as Sold using "QCD".

Some attorneys sayid that the QCD is not for sales only for transfers properties between families, friends, etc.

Any suggestions??? Or Comments are very welcome!

Loading replies...