Quitclaim to LLC?

[Andrew Slezak]

Hey yall,

my wife and I started off in real estate as house hacking. My first property was a duplex, and then a year or so later she bought her house, and we moved in together living in MIL suite basement and rented out the rest of the house. We have since relocated and the properties are strictly used for rental. We created an LLC because it seemed like the right thing to do and we're looking to grow our rental portfolio now. I'd like to transfer the properties under the LLC now.

Do I go about doing this by performing a Quit Claim Deed? If so, am I selling/transferring the title or am I just adding the entity to the title?

Thank you in advance

[Jonathan Greene]

I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.