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Updated almost 6 years ago on . Most recent reply

Terence Brown's profile image
Terence Brown's profile image
Terence Brown
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Nov 28, 2018
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12
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1
Votes
Terence Brown's profile image
Terence Brown's profile image
Terence Brown
  • Flipper/Rehabber
  • from Philadelphia, PA
  • Member since Nov 28, 2018
Connect
Terence Brown
  • Flipper/Rehabber
  • Philadelphia, PA
1
Votes |
12
Posts
Buying & Selling Real Estate

Transferring Title from Personal to LLC

Terence Brown
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

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?

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