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Updated about 3 years ago on . Most recent reply
Am I forced to move investment property title to my LLC?
Hi All!
I wanted to see if anybody could help me with this question as I couldn’t figure it out on my own.
I have a couple of investment properties and our Tax EA recommended that I form an LLC.
The properties are currently under my name and I was wondering if I would need to move the title of properties into the LLC through a quitclaim deed or if I could still keep the properties under my name and being able to use the tax write offs advantage of an real estate LLC.
I know another benefit was the limited liability should anything happen but I have a pretty good umbrella insurance and I know by keeping them under my name they would be easier to refinance.
I was trying to find the answer on the forums but I was unable to.
Does anybody know?