Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply

Anyone have experience dissolving their LLC?
Hello all,
I'm looking for a little guidance on something I heard was possible, but need some details and hopefully some experience from fellow investors in this process. I own a building under my LLC, but am looking at options to refinance it by taking our a loan in my personal name. I've heard that it is possible to dissolve the LLC in which you hold the deed to the property, and then "will" it to your family trust. Then you can take out a personal loan and refinance it.
Does that sound right? Is there a simpler way to do this? I figure this is the best place to ask so I look forward to hearing form anyone who has gone through this process!
Thanks in advance,
Tim