How to Transfer Your Property Into an LLC

If you’re getting serious about your real estate investing business, you might need to transfer properties that you own as a sole proprietor into an LLC or other business entity. Since this is a legal process, you’ll want to make sure you have all of your bases covered.

In this video, Natali and I are going to walk you through the step-by-step process you’ll need to complete in order to transfer ownership of your rental property. You’ll learn about filling out the deed, how the transfer affects your lease, and so much more. If you’ve ever wondered about how to put a rental property in an LLC, this video is for you!

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[kjaydub]

So sorry to hear about your squatter situation! Before I was an underwriter I was an agent and had one of those situations come up- it’s absolutely devastating having to explain why coverage likely doesn’t apply & claims are denied when squatters destroy a property. Glad you made it through- it is common that police are unable to help since it is a civil instead of criminal matter.

[vikings]

You both are amazing! Thanks for the all you do!

[lanthonyperdum]

Great information explained in a simple manner...Thanks a million !!!

[winifredmorris]

There's no shortcut to getting rich, but there are smart ways to go about it. I realized early in life the importance of investing for financial independence and have invested with great returns working with a professional

[TranNguyen-pkin]

This is what I need now. Always love your videos!

[montanabadlands]

Very insightful thank you for your videos we are looking at buying our second investment property this couldn't have come at a better time

[futuredev]

Timing could not have been better. I've been waiting for this video 👌🏿

[michaelburkeen]

Great video. You guys are my absolute favorite.

[ChastityRN]

I'm glad I discovered your channel. This video was very detailed. I just closed on my first investment property and my lender did tell me to deed it to my LLC after closing. I'm excited about this new adventure.

[michaelcrowhorse-chavez]

You guys are great people Thank You !!

[sirshammalot]

It's actually extremely easy to make your llc through Legalzoom. People shouldn't be scared into paying ridiculous amounts of money (to attorneys) to do something as simple as making your own llc. If you're lazy, it'll cost you but if you're not lazy then don't be scared by people "advising" you to go through an attorney. They're just really trying their best to not be liable for what they're saying. Also, having an investment property under your name isn't a "huge" mistake. What someone considers "huge" could be something minute to someone else. I do agree though with simply putting your investment properties into your llc from the beginning.

[CreativeSoul]

You two are great! Thank you for the info :)

[CovertStreetWarrior]

Thanks for the information! Loved it all.

[tommynaus]

Thank you so much for the knowledge you guys are great

[islandgirlruby]

Thank you for your informative content, subscribed!!

[robincobb]

Natali got a blowout! Thanks for the great video guys. I’ve got a scheduled call tomorrow afternoon with Justin. I’m looking forward to doing business with y’all.

[allensmith]

I would suggest checking with you insurance company be step 2 because some insurance companies will not insurance property that is in an LLC (Allstate)

[JoseRamirez-rpdb]

Great information. Few things to clarify and ask. example: The house is the home residence and has a mortgage, you want asset protection by doing a transfer into the LLC. 1. The LLC can be stablished at any State with better tax laws? 2. Assuming the lender who holds the note allows the transfer, the deed is recorded under the LLC but the mortgage is still under the individual? 3. Is there a list of lenders that are friendly to allowing a transfer of deed? 4. Can a Refi be done, and then attempt to assign the deed at that point? I'm thinking, of a way to bypass having to ask the lender if they allow the deed transfer and not risk a due on sale. 5. Would this work as a strategy to hold the asset under an LLC, but the LLC does not qualify for an FHA; for instance, if its your first home, or you're moving state and would try to qualify for an FHA loan or low down payment again? I'm thinking, you open a new LLC, it has no credit, you don't have 20% down, but could qualify as an individual for 3.5% or 5%. Thank you.

[israelvicente]

Very good information. Thank you very much.

[salimhirani]

Great Information.
What do you think of transferring the quit claim deed on a LLC? Does it still show on the person's personal assets?