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Updated over 4 years ago,

Kinju Dudhia's profile image
Kinju Dudhia's profile image
Kinju Dudhia
  • from Michigan
  • Member since Sep 9, 2020
Connect

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45
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12
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Kinju Dudhia's profile image
Kinju Dudhia's profile image
Kinju Dudhia
  • from Michigan
  • Member since Sep 9, 2020
Connect
Kinju Dudhia
  • Michigan
12
Votes |
45
Posts
Tax, SDIRAs & Cost Segregation

Transferring rental properties to LLC

Kinju Dudhia
  • Michigan
Posted

I have bought 2 rental properties in Michigan with 3 other partners. We formed LLC using zen business online. I am trying to transfer the deeds of the properties to the LLC with help of a lawyer. He wants me to get an accountant to make sure LLC is set up correctly.

His other question is as follows: "What is the consideration or price for the transfer of these two properties to the LLC? $1.00?"

I am quite confused now about the process. Any advice?

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