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Updated about 4 years ago,

Dan Woodall's profile image
Dan Woodall's profile image
Dan Woodall
  • Rental Property Investor
  • from Hoffman Estates, IL
  • Member since Nov 10, 2019
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Dan Woodall's profile image
Dan Woodall's profile image
Dan Woodall
  • Rental Property Investor
  • from Hoffman Estates, IL
  • Member since Nov 10, 2019
Connect
Dan Woodall
  • Rental Property Investor
  • Hoffman Estates, IL
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Starting Out

Conventional Loan for LLC Rental Property?

Dan Woodall
  • Rental Property Investor
  • Hoffman Estates, IL
Posted

I've only made one purchase so far, 9 properties at once, but used a commercial loan to an LLC. I am looking at a single property now and the process is a bit different. If the lender is ok with it, is there any downside to quit claiming the deed to my LLC?

I am aware the bank can call the loan due. How often does that happen?

Has anyone gotten permission to do that in writing?

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