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Updated over 11 years ago on . Most recent reply

David Gjeldum's profile image
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David Gjeldum
  • from San Francisco, California
  • Member since Nov 17, 2009
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David Gjeldum's profile image
David Gjeldum's profile image
David Gjeldum
  • from San Francisco, California
  • Member since Nov 17, 2009
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David Gjeldum
  • San Francisco, CA
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Buying & Selling Real Estate

Transfer of ownership to a LLC, frees up credit?

David Gjeldum
  • San Francisco, CA
Posted

Hey everyone,

Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)

Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up my name from any financing/debt associated with the property? ie: can I acquire financing for another property?

Thanks for any and all replies!

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