Common, and not complicated
Selling out of an LLC is common and it does not slow a closing down. The sale transfers the property from your LLC to us, and the closing attorney handles the transfer the same way as any other North Carolina closing. You are welcome to have your own attorney review it, at your own cost, but you are not required to hire one.
From your side the process looks the same as any other sale we do: one phone call, a written offer within 24 hours, and closing in 14 to 30 days on a date you pick.
What the paperwork adds
The extra step is establishing who has authority to sign on the entity's behalf, usually the operating agreement plus a resolution or member consent. The closing attorney will tell you exactly which documents they want and when.
You do not have to assemble any of it before calling us. And if there are partners or other members involved, get everyone aligned before you sign, the same way co-owners on a deed would need to be.
Talk to your CPA about the tax side
We are not going to give you tax advice. Selling out of an entity has implications that depend on how the LLC is treated for tax purposes, how long the property was held, what depreciation has been taken, and what else is in your year. Tax implications should be discussed with your CPA.
That conversation is worth having before you sign, not after.
If there are tenants in it
Tenanted LLC properties are fine. Existing leases transfer to us under North Carolina law, security deposits transfer at closing under N.C.G.S. § 42-54, and tenants stay under their existing lease terms.
Small multifamily of two to four units is fine too. For properties with five or more units, tell us on the first call and we will say plainly whether we can make an offer.
Read the tired-landlord guide, or send us the property details.
Ready when you are. Get a written cash offer.
Type the address and answer a few questions, or just call. A written cash offer within 24 hours. No obligation, no cost.