Transferring Title from Personal to LLC

[Terence Brown]

My Bigger Pockets Fam. You guys have been great and I need some help:

We have 3 members as part of our LLC and one of which purchased a property we are currently renovating then intend on BBRRRRing. Besides paying transfer tax, are there any implications to transferring the title from his name to the LLC in order to add it as an asset under the LLC and have something for banks to look at when they underwrite us?