LLC into a personal name

[Allen McGlashing]

Has anyone had experience with buying a property in a LLC and then refinanced that property into your personal name to get better rates. I wonder if it had been done can be done?

[Will Barnard]

I suggest you get your insurance policy updated. When you bought, the policy was in your entity name. If you switch out to personal name, your insurance policy is no longer covering the rightful owner - you.

Also, once it is in your personal name, you have now lost the liability protection from holding in an entity, therefore, you should increase your liability insurance as a covered precaution (assuming you have other personal assets to protect).