Using a Quit Claim Deed to Transfer Properties Into an LLC | Morris Invest

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Jay has three rental properties that he's thinking about transferring into an LLC. Should he use a quit claim deed?

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What You Should Know About Transferring Properties Into an LLC
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#morrisinvest #claytonmorris #realestateinvesting

About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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Can you do the same thing with an FHA loan?

kiwiflare
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Great content, thank you. I'm working on transferring my real estate property in Pennsylvania from our names to our respective single-member LLCs in the state. To avoid potential tax ramifications and ensure asset protection, should the transfer be recorded on the deed as a gift or a sale? If it's a sale, what should the sale price be?

hisserver
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Would you recommend an LLC for each individual property, or one for all properties???

Texmex-
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Won’t a quit claim trigger a due on sale clause?

adrianruiztrellesrealtor
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Did he just say limited liability corporation? Lol

Jaystar