LLC questions - getting mortgages and transferring property in/out

[John Pruner]

Hi,

I have a few LLC-related questions.

If I own a house with a mortgage, is there any easy way to transfer that house into an LLC?

If I go to a bank for a mortgage on an investment property that I want to purchase, will they underwrite in the name of the LLC using my credit if I'm full owner of the LLC? What about if I'm only part (but majority) owner?

If I'm a partner in an LLC (majority owner), and the LLC owns a house outright (no mortgage), how do I get a bank to give me a mortgage on the house to get some cash out? The house can't come out of the LLC btw because the other partner in the LLC owns 30% and would obviously want to keep the house in the LLC. If I get cash out via mortgage I might decide to leave it in the LLC, or I might decide to take it out of the LLC but that's a separate discussion which would also include how the mortgage is paid in each scenario.

Thanks for any insight/help here - it's a bit confusing.