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Updated almost 2 years ago,
Refinance - Personal to LLC
I currently own a rental property out right that I would like to refinance to get my cash back out of it for another purchase. I would like to put the property in an LLC when I do for liability reasons. However, my research thus far says I can not get a 30 year mortgage with an LLC. Without the 30 year term, this move becomes much less enticing. Is there something I am missing? I have looked into getting the mortgage in my name, and then transferring to LLC after mortgage is completed, but I get mixed reviews on this as being a bad idea. How do I accomplish both outcomes?