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Updated 8 months ago on . Most recent reply

User Stats

683
Posts
316
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Jingru Sui
  • Real Estate Agent
  • Atlanta, GA
316
Votes |
683
Posts

How to transfer title for my rental property from me to my LLC?

Jingru Sui
  • Real Estate Agent
  • Atlanta, GA
Posted

Hi friends from the forum. I recently purchased my first rental house in Woodstock, GA. Small 3 bed 2 bath. Currently under renovation. My questions is when I purchased the house I used my own name. I heard using my own name is easier to get approved for loan and having lower rate. Now the house is closed and almost ready for renter, I set up a LLC in GA. How to transfer my property from my name to the LLC legally for max protection and minimum cost?? Please help!!

TIA

Most Popular Reply

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9,830
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
15,802
Votes |
9,830
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

Did you know you can just get a large liability insurance policy, and a personal umbrella policy? I have such that covers me @ $4 mill per property. I can't see any type of gross negligence on my part that would wipe out more than that in a lawsuit. 

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Skyline Properties

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