Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 4 months ago,
Quit Claim Deed to LLC Tax/Legal Question
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.