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.
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 about 9 years ago,

User Stats

18
Posts
1
Votes
Sadio C.
  • Specialist
  • Philadelphia, PA
1
Votes |
18
Posts

Deed Transfer in Philadelphia, PA

Sadio C.
  • Specialist
  • Philadelphia, PA
Posted

Hi,

I need your help in the situation below:

1 - I have bought a property at Philadelphia, PA Sheriff Sale (4 months ago). It was a tax sale.

2 - I have formed my LLC 1 month ago

3 - My friend has recorded the property deed under his name because my entity was not formed yet, and I live out of the country.

Now we want to transfer the property to my LLC. How can we do that without paying any extra money ?

For your info the property worths $50k and I bought it at $21k. It needs about $15k rehab. I don't have any money left.

My same friend owes me $20k. 

I need ideas about how to transfer the property to my LLC.

Thank you