Transferring Title to an LLC

[Brian Irk]

Hi BP friends, This is my first post. So I’m looking for some advice. My wife and I are currently small investors. We do currently have an LLC setup but after going to refi some cash out of one of the homes, I realized that the homes are not in the name of the LLC. I assume I should put them in the LLC, right? How do I go about doing that? Is this just a title transfer issue? Follow-up: For future purchases, how do I buy them as part of the LLC and not personally? Thanks in advance for all your help! Brian Irk

[Bob Okenwa]

1. To transfer the property to an LLC, you'd need to quit claim deed it to the LLC. This can call the loan due from the lender so be aware of that.

2. To buy a property directly with the LLC, you'd need to get a commercial loan.