Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

11
Posts
1
Votes
Greg Bennin
  • Real Estate Investor
  • Salt Lake City, UT
1
Votes |
11
Posts

Cash out seasoning name on title

Greg Bennin
  • Real Estate Investor
  • Salt Lake City, UT
Posted

I built 4 duplexes (8 parcel numbers) to sell in my s corp and ended up renting and keeping them. I've rented them for about a year now, no mortgages. I want to cash out, still own them (not the wisest thing to have them in an s corp I know) and use money to build 30 units next spring.  Each unit of the 8 will only show a $20,000 gain so not a big tax ding.  For the most favorable mortgage terms do I have to quit claim deed the titles into my personal name and have them in my name for 6 months?  I do want to slowly get the get the property out of my s corp (s corp was put together to flip homes and I don't do much of that anymore)  Can I quit claim deed properties into a different llc that's not taxed as an s corp and be able to cash out refi in 6 months with the most favorable financing and not have it in my name? Thanks  

Loading replies...