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Updated almost 5 years ago,

Shawn Elrod's profile image
Shawn Elrod's profile image
Shawn Elrod
  • Rental Property Investor
  • from Dayton, OH
  • Member since Dec 20, 2019
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User Stats

21
Posts
11
Votes
Shawn Elrod's profile image
Shawn Elrod's profile image
Shawn Elrod
  • Rental Property Investor
  • from Dayton, OH
  • Member since Dec 20, 2019
Connect
Shawn Elrod
  • Rental Property Investor
  • Dayton, OH
11
Votes |
21
Posts
Innovative Strategies

Quitclaim deed to my LLC

Shawn Elrod
  • Rental Property Investor
  • Dayton, OH
Posted

All my previous deals have been purchased and financed through my LLC. But I have four triplexes in contract right now that I am wanting to finance in a conforming 30 year mortgage to get the best possible rates and improve the cash on cash return. My contact at my credit union suggested I have them deeded in my personal name then quitclaim the deeds to my LLC.

Is there a downfall to this?

What am I missing?

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