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Updated over 4 years ago,

User Stats

793
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620
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Aaron W.
  • Rental Property Investor
  • Northern Virginia
620
Votes |
793
Posts

Process to quitclaim, refinance, and transfer property to LLC

Aaron W.
  • Rental Property Investor
  • Northern Virginia
Posted

Currently own a few properties in mine and my wife's name, and are planning to cash out refinance these properties to purchase more properties. We understand there are a limited number of loans you can hold in your name before you have to find a portfolio loan or other option. Therefore, we want to quitclaim one of our names out of each property before refinancing so only one person's name on the loan. We also have an LLC we want to move the properties to.

What do you recommend as the best order of operation to quitclaim, refinance, and moving the properties to the LLC?

Thank you in advance for your input!

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