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Investing in Real Estate with Clayton Morris | Investing for Beginners

775: Q&A: How Do I Transfer My Properties Into an LLC? - Episode 775

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 20 September 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

If you own rental properties in your own name and want to transfer them into an LLC, it can seem like a daunting process. However, ownership has important legal implications, so what are your options for doing so? That's our first question for this Q&A Monday!

On this episode of Investing in Real Estate, I'm answering three listener questions. Topics include putting rental properties into an LLC, converting your primary residence into an investment, and calculating returns on performing assets. Tune in to hear more!

Transcript

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0:00.0

Welcome in the investing in real estate show on this Monday, September 28th. I can't believe we're almost in October.

0:12.0

Hope you all are doing well. This is our

0:14.5

Monday Q&A episode where you ask your real estate related questions and I answer

0:19.8

them. You can do the very same thing by asking your question just by going to Morris

0:23.5

Invest.com slash Clayton. So Morris Invest is our website slash Clayton

0:30.4

will allow you to ask a 30 second question.

0:34.4

Try to keep it 30 seconds and less about real estate,

0:37.6

funding, etc.

0:39.0

And I will try to answer those questions

0:41.0

for you here on the show.

0:42.8

Okay, our first question comes from Ethan.

0:45.4

Hello, Clayton.

0:46.2

My question is about how to get my bank-owned mortgages

0:49.5

into an LLC instead of under my personal name.

0:55.0

And one way I understand of doing this might involve first putting it into a living trust,

1:00.0

which the banks must allow as I understand it, then from there how do I get it into an LLC

1:06.8

I'd appreciate any Insight you have on that. Thank you

1:10.9

Thank you so much Ethan for that question around transferring your personal property over to an LLC.

1:17.3

Now this is a, I know people get really tripped up by this question, but it doesn't have to be difficult. You mentioned a living trust and that's a great way to do it. Obviously transferring it to a living trust, you want to notify your bank and say, hey, you know, we've transferred this over.

1:33.0

Can you please assign this to the living trust?

1:35.8

That's one way to think about it.

1:37.5

Another thing to think about, too, is one of the ways that we've done it

...

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