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Updated over 10 years ago,

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3
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Kregg Soltow
  • Washington, IL
0
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3
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Is financing always going to be in my name?

Kregg Soltow
  • Washington, IL
Posted

Thank you everyone in advance. I'm just starting out in real estate investing and for the past 6 months I've been challenging myself to learn everything and anything I can about it. First of all, I appreciate the saftey aspect of forming multiple LLC's to protect my investments, but as I am just starting out, I'm wondering how the financing and title holding gets done. My plan is to finance my first few investment properties with capital provided by a HELOC out of my current residence, but how do I transfer those properties to an LLC (or individual LLC's) without the lender considering the transfer a Due-on-sale event? And furthermore, how will future financing be carried out, will I - personally - always be the one applying for the loans/financing? Does my future "business" ever become the borrower? Again, thank you all in advance, BP has quickly become a cornerstome to the development of my investing knowledge.

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