Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

Account Closed
  • Rental Property Investor
  • Arizona
50
Votes |
213
Posts

Sold rental in LLC, buy replacement rental in same LLC?

Account Closed
  • Rental Property Investor
  • Arizona
Posted

I just sold one of my rentals that was in a single-member LLC but kept the mineral rights to the property as I receive a small income from the mineral rights. I would like to change the name that the oil and gas company has on record (the LLC) to my personal name but they require a "conveyance document of record" to be filed with the county recorder's office. They will accept a quitclaim deed but wouldn't that grant the entirety of the LLC into my personal name? What if I want to buy another rental property using that same LLC? Any thoughts?

Thanks!