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Updated about 5 years ago on . Most recent reply
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Transfer the title to LLC
Hi All,
I am planning to close the investment property which is 3 family and planning to transfer the Title to LLC after closing for asset protection and tax advantages. I was just told by lender ( bank) i am not able to do it unless i buy the property with cash. I wasn't sure if this is normal for residential property or do i need to find another lender for financing ??
Most Popular Reply
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There are lots of lenders out there that provide financing to LLC's. Here are some I've heard of and worked with: LimaOne, MOFIN, RCN, FlipSimpli. Some of these ONLY lend to LLC's and know the process well, including getting your insurance updated.