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Updated over 9 years ago on . Most recent reply

User Stats

54
Posts
5
Votes
Pat C.
  • Investor
  • Jupiter, FL
5
Votes |
54
Posts

Personal conventional loan for property under LLC

Pat C.
  • Investor
  • Jupiter, FL
Posted

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

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