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Updated almost 6 years ago,
Transferring an investment property into a trust
I am in the process of buying my first investment property. During the process, the lender would not allow me to purchase with an LLC because the LLC wouldn't have credit. My lender did recommend after purchase transferring the deed to a trust and then having the LLC be the beneficiary of the trust. Does anyone have experience with this kind of structure?
How would you do the banking? Everything would go through the trust and then the trust pays the LLC the profits, who pays the owners?
Thank you for any clarity!