Tranfering property to an llc

[Joshua Ryan Meador]

Hello all!

So I am in the process of buying a multi family.

This is my first one and I'm excited to pull the trigger finally.

The question I have and I have gotten a couple different answers, is when you finance a property based off a W-2 job they are loaning me the money. Not my llc. Correct?

So initially I can not close the deal with the llc securing the loan.

What kind of steps would you take to transfer the property to an LLC?

Also about how long Is the timeline for this?

If there are already tenants in there does that leave me exposed to litigation?

What would be the way you would approach this?

Are the laws different on this aspect in different states?

If so I am in Cleveland Ohio.

Thanks for your time my friends 🥂