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Quitclaim Deed from Corporation to Husband and Wife Louisiana Form

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Quitclaim Deed from Corporation to Husband and Wife Louisiana Form

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[Music] hey clayton this is jay from houston texas i have a quick question i have three rental properties and i was wondering if it's a good idea to create an llc and do quick claim deed of my personal the investment properties into an llc what the benefits are and what may be the downside of doing that thanks thanks so much jay again i'm not a lawyer and i'm not a financial advisor so let me just say i can't tell you what to do with your rental properties but personally the you know we've we've garrett sutton who is a rich dad advisor he's a lawyer his advice to us over the years has always been never own a property in your own name long term sure when you use a conventional loan and you buy that property in your own name great you can close on the property get your loan in order and then eventually transfer it to an llc okay this is long-term strategy we're talking about here the reason we do that is for legal protection

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