How to move property to LLC

[Alpesh Parmar]

Hello BP community,

I owner 2 SFR and a duplex for couple of years. After learning @ asset protection, I have created and LLC and want to get the duplex moved under the LLC. Can someone point me how I can take care of it in state of Iowa?

Also, I would like to get a refinance or HELOC on that property once it's moved under LLC. I would love to hear from lenders on how I can get a HELOC or cash out refi just using asset on this property.

Regards,

Alpesh

[Bob Okenwa]

@Alpesh Parmar

1. You can move the property to the LLC via quit claim deed.

2. You cannot refinance under an LLC.

All in all, you'd need to talk to local banks and credit unions and see what they have to offer in terms of commercial financing and refinancing.