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Updated over 3 years ago on . Most recent reply

Jim Hlavacek's profile image
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Jim Hlavacek
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  • Member since Sep 9, 2017
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Jim Hlavacek's profile image
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Jim Hlavacek
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Jim Hlavacek
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3
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Multi-Family and Apartment Investing

LLC for rental properties

Jim Hlavacek
  • Investor
Posted

Hi, We have 6 properties that we personally own, and are interested in moving them into an LLC for protection. What is the best to accomplish this without causing the lender to accelerate the note.

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Jaron Walling's profile image
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Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling's profile image
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Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling
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  • Indianapolis, IN
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

There's no "best way" to accomplish this and it's a gamble every time. Every lender is different. Most look the over way on this from everything I read in the forums. I've also read some investors call the lender to have a friendly conversation. Maybe you can explain the reasoning for deeding the properties to the LLC.

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