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Updated over 7 years ago,

Jaime Botello's profile image
Jaime Botello's profile image
Jaime Botello
  • from Los Angeles , CA
  • Member since Feb 9, 2012
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22
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Jaime Botello's profile image
Jaime Botello's profile image
Jaime Botello
  • from Los Angeles , CA
  • Member since Feb 9, 2012
Connect
Jaime Botello
  • Los Angeles , CA
3
Votes |
22
Posts
Tax, SDIRAs & Cost Segregation

LLC

Jaime Botello
  • Los Angeles , CA
Posted

hello,

I currently have two rental properties and I would like to set up an LLC to which I can transfer both properties via a quit claim deed. I have heard that in some cases the bank asks for the loan balance to be due in full once the transfer has been made. Does anyone have any experience with this situation and can you please let me know if this is the case?

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