Tax consequences of deeding property to LLC

[Account Closed]

Hey all,


I submitted an offer for an REO property.

I was originally planning on purchasing the property with my LLC.

The bank requested information about my LLC (I provided IRS EIN, Articles of Organization, Certificate of Assumed Name) but is now telling the listing agent that the information provided is incomplete. They aren't telling us anything about what additional documents they'd need.

To overcome this issue, I was planning on just buying the property myself and immediately deeding it over to my LLC.

My LLC is set up as a member-managed (I'm single member) organization with no special tax status. 

My understanding of the law indicates that there would not be any tax consequence, since an LLC is a pass through organization (albeit there will be a transfer fee).


Thanks,
Patrick