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Updated over 2 years ago,
Transferring Properties to LLC
Hello Everyone,
I am looking to get some advice from some more experienced investors. I have three rental properties that I would like to get moved to an LLC and out of my personal name. However, when I checked with the bank to make sure they were okay with that, they said they didn't approve the transfer and could trigger the due on sale clause. I am not sure where to go from here. I have heard of other strategies using a land trust, but would like some guidance if possible.
Thank you all so much!
Ryan