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Updated almost 7 years ago on . Most recent reply
Loan in personal names and putting title in LLC
So my brother and I are finally getting a rental property.
Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing.
Has anyone else done it this way? will this work?
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Originally posted by @John Lee:
So my brother and I are finally getting a rental property.
Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing.
Has anyone else done it this way? will this work?
This is one of the most common threads/questions on here... rather than beating a dead horse and having the same convo that's happened a million times before, I'd suggest using the search function for "LLC" and "due on sale." There have been many heated debates.