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Updated about 9 years ago on . Most recent reply

Cam Smith's profile image
Cam Smith's profile image
Cam Smith
  • Investor
  • from Fort Benning, Georgia
  • Member since Mar 8, 2016
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Cam Smith's profile image
Cam Smith's profile image
Cam Smith
  • Investor
  • from Fort Benning, Georgia
  • Member since Mar 8, 2016
Connect
Cam Smith
  • Investor
  • Fort Benning, GA
0
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Starting Out

LLC

Cam Smith
  • Investor
  • Fort Benning, GA
Posted

Recently purchased my first investment property and attempted to transfer the title to a formed LLC. Long story short, Wells Fargo would not allow the transfer to an LLC without triggering a "due in full" clause. I am covered by liability insurance to offset the protection that the LLC would have afforded.

That being said does anyone see any benefit to keeping the LLC active? Any other uses that I am not seeing as beneficial and tied to investment properties?

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