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.
Innovative Strategies
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 9 years ago,

User Stats

20
Posts
2
Votes
Handel Carter
  • Harrisburg, PA
2
Votes |
20
Posts

How to get the most out of Quit Claim Deeds

Handel Carter
  • Harrisburg, PA
Posted

New investor here. Would very much appreciate any advice on how to go about getting the most out of quit claim deeds. My mother currently has two properties. Her own and a rental. She doesn't want anything in her name any more and is looking to move away and rent. We are thinking about doing a quit claim deed on both to my holding company. I will be forming LLCs for both. There's about 25K left on each individual loan with around 50k in equity in each property as well. Each property could use about 10k to get them where they need to be to get max rent for their respective areas. 

I've never dealt with quit claim deeds before, so I'm just trying to get any tid bits of knowledge, advice, strategies or warnings that this community may offer. Ideally I would like to use these two properties the most efficient way possible to begin maximizing my portfolio growth.

Thank you all for taking the time to read.

Loading replies...