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Updated 3 months ago, 09/30/2024

Injung Kim's profile image
Injung Kim's profile image
Injung Kim
  • from Minneapolis, Minnesota
  • Member since Aug 20, 2024
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Injung Kim's profile image
Injung Kim's profile image
Injung Kim
  • from Minneapolis, Minnesota
  • Member since Aug 20, 2024
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Injung Kim
  • Minneapolis, MN
6
Votes |
4
Posts
General Real Estate Investing

Closed First Property

Injung Kim
  • Minneapolis, MN
Posted

Closed the first investment property. Working to get the Quitclaim Deed under my LLC. Looking for advices on quitclaim deed. Thank you!

Minneapolis, Minnesota
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Travis Timmons's profile image
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Travis Timmons
  • Rental Property Investor
  • from Ellsworth, ME
  • Member since Aug 9, 2021
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Travis Timmons's profile image
Travis Timmons's profile image
Travis Timmons
  • Rental Property Investor
  • from Ellsworth, ME
  • Member since Aug 9, 2021
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
1,821
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877
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
Replied

If you deed a property from your personal name to an LLC - especially a disregarded entity - it doesn't really do anything for taxes or asset protection. Keep it in your name, get insurance, and most of all, be a good landlord.

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