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Updated about 8 years ago on . Most recent reply
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Transferring ownership into LLC
Hi All, I'm currently purchasing my first SFR rental property and I have an LLC set up for it. The lenders won't lend directly to a brand new LLC with no assets so I have to purchase the property in my name and then transfer it into the LLC. What is the best method to do this to perform the transfer correctly while not fouling up title, deed or creating any undue tax consequences. Thank in advance!
PS I'm in middle TN