Transfer into LLC and finance out timing.

[Charles McCabe]

I bought my first three properties in 2016. One is owned in my name alone and the other two are owned in my and my partner's names. They were bought with our own cash. Our intent had always been to essentially sell them too our LLC, which would finance them on our credit, thereby getting the cash out of them to move on to other properties and transferring them into the LLC's name all at the same time. My lawyer wants to move forward with the transfer into the LLC well ahead of the sale/financing portion.

My question to the peanut gallery is whether there's any difference financially speaking. Does it matter if we transfer and then finance at a later date as opposed to doing it in one fell swoop?