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Updated about 9 years ago,
Deed Transfer in Philadelphia, PA
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