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.
General Landlording & Rental Properties
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 almost 4 years ago, 03/02/2021

User Stats

118
Posts
46
Votes
Rick Turman
Pro Member
  • Flipper/Rehabber
  • findlay, OH
46
Votes |
118
Posts

Quit Claim Guidance From LLC to Personal

Rick Turman
Pro Member
  • Flipper/Rehabber
  • findlay, OH
Posted

I am looking to Quit Claim a duplex to me personally that is currently owned in my business name and has a Commercial loan against it. My intentions were to complete the BRRRR with a Construction Loan in the Business name, then Quit Claim to me personally. My new lender will not allow the Cash out Refi unless it's in my personal name. I've already spoken to my Lawyer on filling out the proper paperwork, but his responses have been very minimal.

Aside from this, I'm hearing from others that it is just as easy to complete the Quit Claim on your own, have a Notary's seal of approval, and record it with the city.  

I am looking for any and all guidance to complete this on my own.  I reside in Ohio as i'm sure locality is key.  Thanks!

  • Rick Turman
  • Loading replies...