Transfering Rental Properties to an LLC to Free-Up FNMA Financing

[Billy Raz]

Howdy –

I have 1 rental in Dallas, and 9 rentals in AZ.

All of the properties have FNMA financing and therefore, I’ve maxed out the 10 financed properties with FNMA.

I would like to continue obtaining FNMA financing, so the question is this:

Can I transfer any of the these properties into an LLC (that I would need to create), in order to free-up more slots for additional FNMA financing?

If not, are there any alternatives you could recommend?

I’m in contact with a commercial lender who has given me a reasonable quote for additional loans, but obviously I’d like to procure more FNMA backed financing if possible.

Thanks in advance for your help.

Billy