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Updated over 6 years ago on . Most recent reply presented by

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14
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Sean D. Jackson
  • Rental Property Investor
2
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14
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Quick Claim Deed to business name

Sean D. Jackson
  • Rental Property Investor
Posted
I’m a new investor who just closed on my first duplex on 11-16-2018. I want to quick claim the deed to my business name. I was told the mortgage company could call the loan due to the change of ownership. If that’s the case, how do you get any protection through your business entity? I had to purchase the duplex in my name to get the mortgage but I want all the money generated to run through my business as it should. I also called my attorney but I’m waiting to hear back from him. I want to get this done tomorrow because I’ve already signed up with Property Management company and need everything to be in my business name once rents are being paid. Thanks

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17,454
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,143
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17,454
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

If the property is owned by your business, and the mortgage is in your own name, why do you think that business entity would protect you anyways. Seems like a very easily piercable entity. Id contend that by doing so you likely increase your liability as oppose to limiting it.

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