QCD property from LLC to name

[Nathan Frost]

Hi, how can I go about quit claim my property from my LLC to my name so I can get a heloc on it?

It has been in an extremely frustrating two weeks. I have a 100k equity in my primary and can't get a HELOC because the rentals are under my name not all of them.

So then on the 2 in Oklahoma, which are under my LLC, and can't tap into 50K equity. They say no, because they are not in my name.

So how can I quit claim deed from my LLC to name ad then back once I get the HELOC? Or Business LOC?

[Chris Seveney]

Quote from @Nathan Frost:

Hi, how can I go about quit claim my property from my LLC to my name so I can get a heloc on it?

It has been in an extremely frustrating two weeks. I have a 100k equity in my primary and can't get a HELOC because the rentals are under my name not all of them.

So then on the 2 in Oklahoma, which are under my LLC, and can't tap into 50K equity. They say no, because they are not in my name.

So how can I quit claim deed from my LLC to name ad then back once I get the HELOC? Or Business LOC?

 You can quit claim them very easily. Just get a title company to draft it.

Some questions I have are: who is on the original note? 

After you do this, it still does not mean you will qualify as they will only go to a specific LTV, you cannot take all of it. Just be aware of this.

For everyone else reading this, another reason why you should really rethink moving a property into a LLC. UNless you are running a full fledged business, in most instances (which still have not heard from someone how you could be sued) insurance is all you need.