Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 12 years ago, 09/09/2012

User Stats

838
Posts
295
Votes
Chris Masons
  • Investor
  • Union, NJ
295
Votes |
838
Posts

silly question for a somewhat seasoned landlord/investor

Chris Masons
  • Investor
  • Union, NJ
Posted

Hi guys,

I am a bit embarrassed for asking such a simple question and feel like I should know the answer already but I guess if I don't ask I will never know....

I need to do some serious asset/liability protection. Currently i hold my properties in my personal name (I know not smart) Anyway, I am just figuring out how much equity each LLC should contain before creating the next. This isn't my question though, my question is what is the best way to move the properties from my name to the newly formed LLC. I have read doing a quit Claim deed from my name to the LLC is how it is done, but honestly I am unsure of how I would do this? How do I quit Claim out of my name? Do I need an attorney?

OR is there another way besides quit claiming to get property into the LLC?

Also I am aware of the due on sales clause but from what it seems this isn't much of an issue long as you continue to pay your note.

thx in advance,
Chris

Loading replies...