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Updated almost 6 years ago,

User Stats

149
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
149
Posts

Putting a property in a LLC while still having a loan on it

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted

So I have been using my old primary home which I bought with a loan under my name as a rental property. I would like to put it in an LLC as an investment property. This means that the house would technically be under the LLC. Is it possible to do this while having the original loan that I used to purchase it. Will there be any issues since the lender will have to change the property owner (loan owners name) I guess. Anyone here have done this before?