Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

29
Posts
1
Votes
John Lee
  • Irving, TX
1
Votes |
29
Posts

Loan in personal names and putting title in LLC

John Lee
  • Irving, TX
Posted

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?  

Most Popular Reply

User Stats

9,934
Posts
10,788
Votes
Chris Mason
Pro Member
  • Lender
  • California
10,788
Votes |
9,934
Posts
Chris Mason
Pro Member
  • Lender
  • California
ModeratorReplied
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.

  • Chris Mason
  • Loading replies...