Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Buying & Selling Real Estate
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 almost 11 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
2
Votes |
21
Posts

How to put property in LLCs name?

Jason Prendergast
  • Real Estate Investor
  • Debary, FL
Posted

Ive asked this question a bunch of times, and get very different answers (from people I meet). We both know when we buy our first (or first couple) properties, they will have to be in our names. My question is, how do I get it into the LLCs name after the fact? I want it there for tax and liability benefits. I have heard a lot about quit deeding, and do not want to go that route.

We want the business to show a profit for the next few years so we can eventually take out a loan in the LLCs name.

Most Popular Reply

User Stats

21
Posts
2
Votes
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
2
Votes |
21
Posts
Jason Prendergast
  • Real Estate Investor
  • Debary, FL
Replied

So if its in the LLCs name, and the mortgage is in my name, and someone gets hurt on my property, that wont protect us?

You didnt mention anything about the tax benefits, or that we eventually want to take out a loan in the business name.

After a previous post I made the other day, We are 95% certain that we'll have a PM manage it.

Loading replies...