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Updated almost 7 years ago, 03/27/2018

User Stats

14
Posts
3
Votes
Omaree G.
  • Virginia Beach, VA
3
Votes |
14
Posts

Transfer title and tax

Omaree G.
  • Virginia Beach, VA
Posted
Hello! I just recently purchased my first buy and hold investment property. Currently, I am in the process of transferring/titling into my LLCs name. My first question, in your opinion and experience, what are some immediate issues and/or changes I may need to tend to or make, following the finalizing of the transfer., i.e., paperwork, legal issues, taxes, etc? Secondly, does the process of filing my taxes and claiming interest/real estate taxes paid, differ from that of my primary residence, considering it will be under the LLC name and will I run into any issues since the transfer was made from my name to the LLC during the mid-year?

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