Warranty Deed from Individual to LLC - Alaska 2025

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What are the benefits of an LLC for rental property? Pro: Reduce your personal liability. Pro: Pass-through taxation. Pro: Keep your properties separate and protected. Con: Corporations including LLCs require additional paperwork. Con: LLCs come with setup and maintenance fees. Con: You may pay additional taxes.
Whether you can transfer your mortgage to an LLC likely depends on your mortgage agreement and your lender. Depending on the type of loan you received, your lender may not be as receptive to transferring your mortgage.
Generally, no. Most investors and insurers for mortgage loans only allow property to be transferred to LLCs. They do not allow them to be transferred to corporations, S-corps, or partnerships.
Your lender may require you to pay off the mortgage if you want to transfer it to an LLC. Under these conditions, you can refinance your mortgage with the LLC. The capital from your mortgage loan in your LLC then gets used to pay off your existing loan.
With your primary residence placed under an LLC, you lose your capital gains deduction due to how the property ownership changes under the IRS. Perhaps the most serious disadvantage when putting personal residence in LLC is related to any loans you may have taken on the property.
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How to Transfer Your Real Property to an LLC Step 1: Contact Your Lender; Contact Your Title Insurance Company; Contact Your Homeowners Insurance Company. Step 2: Create an LLC and Maintain Corporate Formalities. Step 3: Open a Bank Account in the Name of the LLC. Step 4: Fill Out and Record Deed. Step 5: Change the Lease.
The transferring of Title to property from one ownership to another requires recording a Deed. A Warranty Deed may be done when an owner guarantees, through a title report, that he or she holds clear title to a property.
Can you loan personal money to an LLC? Yes, but youll need to create a formal loan agreement between you and your LLC.

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