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

[Nestor C.]

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!

[Account Closed]

Originally posted by @Nestor C.:

I totally agree with you guys @Account Closed @Ned Carey when there are more than one member, but in the case where both LLC has a Sole Member, there would be nothing to worry about! That make sense??

So @Ned Carey is it legally to change the listing status to pending and later on to Sold with this QCD??

If the property is listed on the MLS and it is sold ,even for a $1 you can mark it pending then to sold status . The type of deed is not important on the MLS only the sale , whether it be cash, financed subject to etc.I do not seen any type of strategy you are trying to accomplish