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Updated over 7 years ago, 06/12/2017

User Stats

10
Posts
1
Votes
Vick Ghadimi
  • Investor
  • Glendale, CA
1
Votes |
10
Posts

How do I protect myself with an LLC?

Vick Ghadimi
  • Investor
  • Glendale, CA
Posted

Hello All,

Thanks for a great forum. I am so happy to have this resource at hand to learn from experts.

I just got my first 2 rental properties (SFH, Duplex) in Florida.

After getting conventional financing, I asked my lender if I could transfer the properties to an LLC to stay protected. I was told this is not an option, and it's stated in the loan agreement that it cannot be transferred.

Are there any ways around this? The only thing I could do, according to them was to refinance.

Thanks

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