Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 about 3 years ago on . Most recent reply

User Stats

168
Posts
19
Votes
Jasmine Wilkes
  • Investor
  • grand prairie / st.louis, texas/ Missouri
19
Votes |
168
Posts

Free and clear property

Jasmine Wilkes
  • Investor
  • grand prairie / st.louis, texas/ Missouri
Posted

I have a free and clear property in my personal name for about 6 years and I want to take the equity out. I also wanted to know would it be best to transfer it into my company name or have my company buy it from my personal? What's the best way to pull out the equity?I'm caught up on the taxes also.

Most Popular Reply

User Stats

13,365
Posts
19,402
Votes
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
Votes |
13,365
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

The best way us to sell it, and replace it with 5 of the same property...or one property 5 times the size.  That should increase your cash flow, property value, gains from appreciation, etc...

Loading replies...