Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Moving mortgage into an LLC
Do any of you know a lender that allows a mortgage to be moved into an LLC after closing? I own 2 properties but the lender will enforce the due on sale clause.
If there are no lenders that allow the move into an LLC would buying my next property cash to start the LLC make sense? If so, how long does it take for the LLC to mature enough that I would be able to get mortgages it directly.
If anyone has other suggestions I am open to listen. My end game is protection of assets.
Thanks in advance
Mike