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Updated almost 10 years ago, 03/09/2015
How to transfer my Paid off home to my LLC?
Hello,
Kids are gone and My Primary home is too big for my wife and I.
Here are the facts: We are in Texas. We already have a Series LLC with one Rental property (with mortgage).
Now, My Primary home is paid off. We would like to rent our Primary Home but we would like to do it under the LLC. What would be the best way to transfer our Primary home to the existing LLC (to avoid or minimize taxes)? Sell? Gift? Overtime?
Any help would be greatly appreciated Thank you
Raul