Transfering title to LLC

[Ashish Maheshwary]

Hello everyone,

I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (single-member) and the other said an LLC is not necessary when first starting out if you have good insurance with an umbrella policy.

I am still leaning towards the LLC at this point because of the asset protection it offers. My concerns about LLCs are the following:

1. If I buy a property and transfer title to the LLC and the lender finds out, will the lender call the loan? Should I even notify the lender?

2. If I want to later refinance the property, should I transfer the property back to my personal name?

3. Let's say I transfer the property to my LLC, the lender finds out and gets pissed. Will transferring it back to my name satiate him or will I get in some kind of trouble?

4. Are there any LLC-friendly lenders that will allow me to take title cleanly into the LLC?

4. Lastly, if transferring title to an LLC is so much trouble, is it truly worth it?

Thanks so much for your time.

-Ash