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Updated over 9 years ago on . Most recent reply
Personal conventional loan for property under LLC
Hello BP!
I have a unique question I'm not sure how to handle. I am closing on an investment property using a 20% down conventional loan. The loan and property will be under my personal name initially. I would like to quit claim the property and get it under the name of my LLC. How do I achieve this goal. Can I somehow personally guarantee the loan but still have the property under LLC?
I like the idea of having the layer of asset and liability protection the LLC offers. It's a single family home.
Any and all suggestions welcome! Thanks in advance.
-Patrick