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Updated over 6 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Nick D.
  • Flipper/Rehabber
5
Votes |
18
Posts

Personally guarantee the mortgage but deed the property into llc

Nick D.
  • Flipper/Rehabber
Posted

I have a property in Ft. Worth Tx that I own all cash and want to refi cash out and do a good 70/30 LTV. I want to make sure that the deed is in the LLC name not in my personal name and have been told that I personally guarantee the loan but that at time of closing I quit-claim the deed into the LLC. My first question is -- is this true and the correct way to do this to have the LLC liability protection and 2nd does anyone know someone that can help me with refi in Texas to help me refi this house

Please let me know we are ready to begin the loan process now

Thank you

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