Or can he transfer it later?

Currenly considering liquidating my Australian property and transferring the funds over to Japan - I just can't resist the extra few thousands of dollars monthly income I can get there. :)All the best!

Also the cost of doing a warranty deed transfer for each property (I'm not sure if a quitclaim is an effective way of transferring in this situation).Alternatively, maybe she could leave the houses in her name and get a general liability, commericial or blanket policy that covers more than the standard umbrella policy?

I meant refinance in the general sense of any encumbrance post transfer deed.

In fact we had owned it free and clear till we recently took a HELOC to help buy an apartment and basically transferred the equity to the apartment and will pay off the HELOC and then will have it available to do again if we wish.

Such as a job transfer to a different city.

The reason I say this is you already have the property in an LLC and you can easily create a mortgage with what is currently owed even if you choose to pay it off.You can loan your LLC the money to pay it off and it can pay you interest; however, if your LLC is treated as a disregarded entity and is on your Schedule E of your tax return there is no point in charging it interest.There is no point unless the LLC holding the property is taxed as a C-corporation.A Quit claim deed is for transferring a property from one name to another.

So, while I don't think this would be a bad deal, and it is tempting because it would be fairly uncomplicated, since it would just basically involve a transfer of title and then renting it out, I think there are probably better deals to be had.

Calling the bank is not going to get you very far since they are bound by confidentiality guidelines and will not take favorably to some Joe questioning their ability to pre-approve a candidate.

I'm not seeing how this arrangement does not transfer an equitable interest in a property, but maybe I don't understand enoungh of the details of this deal.Bill GulleyJust a minor clarification: "Another issue is that many talk about using an Option to lock up a property thinking it can't be sold.