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Updated almost 9 years ago on . Most recent reply

Jennifer Bowen's profile image
Jennifer Bowen's profile image
Jennifer Bowen
  • from Montgomery, Alabama
  • Member since Jan 31, 2016
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Jennifer Bowen's profile image
Jennifer Bowen's profile image
Jennifer Bowen
  • from Montgomery, Alabama
  • Member since Jan 31, 2016
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Jennifer Bowen
  • Montgomery, AL
3
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Buying & Selling Real Estate

Can I buy a property first, then roll it over into an LLC later?

Jennifer Bowen
  • Montgomery, AL
Posted

Hi all,

I haven't set up my LLC yet. I'm just getting started in this business. Is it possible to buy a property first, then roll it over into an LLC? For example, if I live in it first. Or if I find a good deal that I want to make an offer on immediately.

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Jake Thomas's profile image
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Jake Thomas
  • Residential Real Estate Agent
  • from Grand Rapids, MI
  • Member since Nov 5, 2013
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Jake Thomas's profile image
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Jake Thomas
  • Residential Real Estate Agent
  • from Grand Rapids, MI
  • Member since Nov 5, 2013
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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
Replied

In Michigan its very easy. You just have to sign a Quit Claim Deed and move ownership of the property from one entity to another. 

Title companies take care of that here. 

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