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Updated over 6 years ago,

User Stats

25
Posts
1
Votes
Scott R.
  • Atlanta, GA
1
Votes |
25
Posts

Best way to transfer ownership to an heir in Georgia/Florida

Scott R.
  • Atlanta, GA
Posted

My father wants to leave me 3 properties, 2 in Georgia (both houses) and 1 in florida (condo) [no siblings]. I would like to keep all properties and all attached mortgages. My concern would be losing the current mortgages. 

1) Would transferring the 2 properties I won't be living in, but renting into an LLC be the right move? [1 fla, 1 ga]

-if so, would I need an attorney to do this? I am not currently on any mortgage, but I assume I would need to ber listed in the LLC.

2) my understanding is that the main house in georgia, if I live there, I would be able to assume the current mortgage. 

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