Buying properties in my personal name from my LLC

[Mark Delosreyes]

When I first got into real estate a few years ago, I immediately started an LLC with a partner and put all purchased rental properties under that LLC. Most of the banks we have partnerships with give us commercial mortgages (15 year amortization, 4.5% terms for instance). The LLC is also nearing our exposure limit with our most frequent lender. We are considering buying houses with our LLC and flipping them to our personal names at a fair/below market price. This would create some additional capital for our LLC with having a guaranteed buyer, eliminate realtor fees, holding costs, etc, but we would also be able to take advantage of individual mortgage terms - 30 year amortization, 3.5%, for instance, with a separate bank that we have little exposure. The 30-year would really open up cash flow, versus our commercial mortgage terms. Has any done anything like this before, and if so, what are some of the things we need to watch out for. Thanks!