HELP ME! Trying to transfer ownership from oneself to LLC.

[Nick Ferrari]

What would it take to transfer ownership from myself to an LLC? Here is my current situation. On our first few investments we purchased a few properties that should have been purchased as an LLC or S Corp. At the time we didn't because we never expected to rent them out long term, we were just expecting to live in them and eventually move out & sell.

Now our dilemma is my wife and I are saving for our forever home but as you can imagine our DTI is quite high as individual's, we own two properties with the next home going to be much more expensive. My fear is if we over extend ourselves by purchasing the final home...which is likely going to be much more expensive than the others we likely won't be able to get the mortgage we are looking for and/or future loans will even be more complicated given the fact our DTI will be as high as it is.

I believe if we transfer ownership to an LLC this should help side step this situation but I'm not even certain of that. Any help that can be given would be greatly appreciated.

[Wayne Brooks]

It's a moot point.....it doesn't matter if you transfer Title to an LLC, the Loan is still in Your name, and That is what affects your DTI.