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Updated over 4 years ago,

User Stats

24
Posts
4
Votes
Carmen Alvarado
  • Rental Property Investor
  • Dracut, MA
4
Votes |
24
Posts

Transferring property title to an LLC

Carmen Alvarado
  • Rental Property Investor
  • Dracut, MA
Posted

I'm trying to transfer my personal property to my LLC (a property I rent). I was told to contact lender and transfer property title to my LLC. Which I'm planning to do because apparently banks don't transfer mortgages to LLC.

Every broker I talk to is pretty much clueless about transferring mortgages to an LLC.

Is transferring title to my LLC while still having the mortgage under my name beneficial for when I go applying for another home loan? Or will that scare away banks?

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