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Updated over 2 years ago,
rental property Personal ownership to LLC
I have two rental properties, mortgages on both of them, and want to transfer them to their own LLC's. Is there a way to do that and not have the banks call the loans? Does this happen often if at all? How do I avoid that?
Once I have them under LLC's, I want to have their mortgages changed to a commercial loan or some other loan vehicle. What are the options for that?