Change from personal to llc

[Nicholas Acosta]

If my rental’s mortgage is under my name and I also took out a heloc for it under my name can I still change ownership of rental to an llc?

[Nicholas Acosta]

Quote from @Kerry Baird:

For background: I have a number of houses held in LLCs and just sold the last house in our own names. I'd keep the property in your own name, get the HELOC and get a good umbrella policy. UNLESS you have a reason to worry about the LLC issue. Your name is already on title so you will be in the chain of ownership. Insurance handles the liability. And LLCs don't change tax situation.

That makes sense thank you! :)