Transferring property into LLC

[Sabrina Baldwin]

So I'm preparing to pull cash out of 2 properties I own free and clear and going through a portfolio lender. They require the property to be owned by an entity not me personally. Ive seen a few threads that mention a potential tax liability if this is done. Can anyone share a little more information on transferring the ownership of property in your name to an LLC or any other entity for that matter? I don't want to move forward on this until I have a clear understanding.

Sabrina