Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 4 years ago on . Most recent reply

User Stats

22
Posts
6
Votes
Deena Laugen
  • Real Estate Agent & Investor
  • Minneapolis, MN
6
Votes |
22
Posts

Quit claim deed: what happens when you need another mortgage?

Deena Laugen
  • Real Estate Agent & Investor
  • Minneapolis, MN
Posted

Hi everyone! I have 6 properties (5 sfh and 1 duplex) that we purchased in our personal names in order to get better rates, etc. I recently formed two new LLCs to quit claim deed these properties into, but then had a thought: What happens if I'm looking to get an additional mortgage for a new property and now the banks look at all these mortgages and see that they have been moved into LLCs? Has anyone run into this? Any suggestions and guidance would be greatly appreciated!

Thanks, Deena

  • Deena Laugen
  • Loading replies...