F
fortunecookie
Guest
In New York City/State:
I'll be establishing an LLC to transfer and transferring real estate the LLC. It appears there will be no transfer tax since the property has been owned Tenants in Common with my dad and will be established that way in the LLC. My question has to do with retitling the deeds etc. Will I incur expenses or title insurance costs when I switch the deeds into the LLC name? Is there anything else I need to be aware of when I move the houses into the LLC beyond transfer tax issues.
Thanks for help
I'll be establishing an LLC to transfer and transferring real estate the LLC. It appears there will be no transfer tax since the property has been owned Tenants in Common with my dad and will be established that way in the LLC. My question has to do with retitling the deeds etc. Will I incur expenses or title insurance costs when I switch the deeds into the LLC name? Is there anything else I need to be aware of when I move the houses into the LLC beyond transfer tax issues.
Thanks for help