RE: deed - Your father signs the deed over to you.

Most people take the agency loan out in their name, deed it to the LLC for protection, then redeed it out of the LLC ahead of time before the want to refi, if need be. 

Does anyone know what cost is involved when one purchases a property in DC under personal name and then eventually re-deed the title to LLC.

I'll have to talk to the title company re: deed.

The fact that you left out next month or next year just goes to show you have selective hearing/reding abilities.

@Matt Jennissen I'm currently doing a cash out refinance with a local credit union and they brought up to me that if I had the properties in an LLC that I'd have to re-deed them into my name, refinance, then can re-deed it back to the LLC.

I was reading my state law, and seems like if there is a will (testate situation) the executor can sell RE for almost any reason including paying for funeral expenses, creditors depts and others; but when there is no will (intestate situation) final settlement is required before RE deed can be legally transferred.Sorry for being too overwhelming!

I was hoping a corrective deed would solve the problem but the lawyer thinks I'll have to re- deed it with myself as grantor to my retirement account as grantee, which looks fishy to the IRS.

I will re deed it to the NY LLC later, for now i just want to get the tenant evicted..thxOriginally posted by @Mike S.