I own several rental properties that are currently titled in my name. I’ve just started a REI company and want to place my properties under my business name. What is the best way to do this? Is there any other issues that I should be concerned with? Thanks…
Warranty deed is usually the best way to transfer property. Transfer taxes may be an issue depending on your state. There could also be a reassessment for property tax purposes.
the capital contribution of appreciated real property as capital will probably have tax consequences.