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Updated over 7 years ago on . Most recent reply

George Gao's profile image
George Gao's profile image
George Gao
  • Investor
  • from Katy, Texas
  • Member since Aug 25, 2015
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34
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9
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George Gao's profile image
George Gao's profile image
George Gao
  • Investor
  • from Katy, Texas
  • Member since Aug 25, 2015
Connect
George Gao
  • Investor
  • Katy, TX
9
Votes |
34
Posts
Private Lending & Conventional Mortgage Advice

Transfer to LLC Need Loan Modification?

George Gao
  • Investor
  • Katy, TX
Posted

Hi All, I plan to transfer my rental properties into my series LLC. So I called the loan reps at the mortgage companies just as a courtesy heads-up. Most of them are fine with it. But my local bank said they would need to do a loan modification and need to get a lawyer involved. Has anyone run into this before? Is there anything I can do to ward this off? Thanks.

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