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Updated over 1 year ago on . Most recent reply

Sarah Stapp's profile image
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Sarah Stapp
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  • from Will County, Illinois
  • Member since Jan 17, 2023
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Sarah Stapp
  • Investor
  • from Will County, Illinois
  • Member since Jan 17, 2023
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Sarah Stapp
  • Investor
  • Will County, IL
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Creative Real Estate Financing

Loan Assumption Strategy

Sarah Stapp
  • Investor
  • Will County, IL
Posted

Hello, everyone: I was told about a loan assumption strategy but was wondering if anyone has ever done this before, and if so, how did you transfer the property from you individually to an LLC?

Joliet, Illinois
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Sarah Stapp

Almost impossible to assume a loan today unless it's a VA loan - best alternative is a subject 2 deal.

Also zero reason to transfer to LLC.

  • Chris Seveney
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