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Updated over 3 years ago on . Most recent reply

Garrett Gruss's profile image
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Garrett Gruss
  • Investor
  • from Dallas
  • Member since Feb 9, 2021
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Garrett Gruss's profile image
Garrett Gruss's profile image
Garrett Gruss
  • Investor
  • from Dallas
  • Member since Feb 9, 2021
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Garrett Gruss
  • Investor
  • Dallas
16
Votes |
49
Posts
Buying & Selling Real Estate

Hardmoney loan - llc or personal name?

Garrett Gruss
  • Investor
  • Dallas
Posted
My hardmoney lender told me placing the hardmoney loan in my personal name, refinancing with the bank, and then transferring title to my llc is the best way to go about a brrrr in Texas, as it allows more exit atrategies. Is this good advice? I thought the due-on-sale clause would stop me from ever transferring title to my llc after purchase.
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David Disraeli's profile image
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David Disraeli
  • Financial Advisor
  • from Cedar Park, TX
  • Member since Mar 20, 2017
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David Disraeli
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  • from Cedar Park, TX
  • Member since Mar 20, 2017
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David Disraeli
  • Financial Advisor
  • Cedar Park, TX
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David Disraeli
  • Financial Advisor
  • Cedar Park, TX
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This is what Fannie Mae says about transfers after purchase:  https://servicing-guide.fannie...

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