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Updated over 7 years ago on . Most recent reply

User Stats

17
Posts
4
Votes
Benjamin J Suarez
  • Investor
  • Weston, FL
4
Votes |
17
Posts

Adding my LLC to the Deed/Mortgage

Benjamin J Suarez
  • Investor
  • Weston, FL
Posted

Hello to all! 

I bought an investment property early this year. I also opened an LLC to house this property under. I want to quite claim the property to my LLC, but in doing so, the mortgage company can ask for the outstanding balance due. Would it be worth it to add the LLC and keep my name on the deed/title/mortgage? In other words, it would be as if two people own the property such as a husband and wife (or in this case, myself and the LLC). Would I still be under the protection that an LLC affords me? or would i be exposing myself and the LLC to un-do scrutiny? Any advice you can offer would be great. The property is in Daytona Beach, Florida.

Thank you so much guys for your feed back in advance..

Ben

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