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Updated over 7 years ago, 06/12/2017
How do I protect myself with an LLC?
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