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.
Tax, SDIRAs & Cost Segregation
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 4 months ago,

User Stats

20
Posts
4
Votes
Danielle DeCormis
Pro Member
  • Investor
  • Maryland
4
Votes |
20
Posts

Quit Claim Deed to LLC Tax/Legal Question

Danielle DeCormis
Pro Member
  • Investor
  • Maryland
Posted

I am looking to purchase a property that falls under the minimum limit for DSCR but qualifies for a conventional loan. If I purchase this and quit claim deed it to my LLC, who pays the mortgage? Me or my LLC? Does this raise any red flags for the mortgage company? Can they call the loan even if I'm a sole member of the LLC and the originator of the loan? Can I still claim the tax benefits for this property under my LLC? So many questions... I did leave a message for my tax guy, but I need to put in this offer ASAP so hoping I can get answers here.

  • Danielle DeCormis
  • Loading replies...