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Updated over 6 years ago,
LLC’s and leveraging
Hello fellow investors, quick question. I currently have 3 rental properties in my portfolio. 2 of which still have debt. All 3 are still in my name. I’d like to transfer them to an LLC however from what I understand if a property still carries a loan and title is transferred to an LLC the lender may exercise their right to require the loan be paid in full. Is there a workaround for this? Can I somehow stay on as a personal guarantor of the loan but still have the protection of an LLC? I’d really appreciate some advice. Most savvy investors use leverage to see higher returns and I have to believe there is a way to leverage while having title in the name of an LLC.
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