I'd love to get your knowledge.Studying is great (feel free to check out my website if you're interested in rehabbing), but eventually you'll need to get out there and gain some real-world experience...and you're going to need to devote some time to that...When you're ready to start getting real-world experience, I highly recommend finding a successful investor doing whatever it is you want to do, and offer to work for him/her for free for 6 months -- even if it means getting coffee, doing errands or whatever -- in return for them training/teaching you.People think it's perfectly reasonable to go to school for many years to learn the ins and outs of their trade/career, yet can't seem to fathom spending 6 months devoting their time interning for free to gain real world experience.

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.

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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.

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.

There is no warranty and hence no recourse for you if the deal sours afterwards.A private money deal may be difficult to have as you would be transferring all of your risk to the lender as a clouded title makes for poor collateral