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Updated almost 6 years ago,

User Stats

15
Posts
0
Votes
Jonathon Leib
  • Rental Property Investor
  • Philadelphia, PA
0
Votes |
15
Posts

Hard to transfer title to LLC from own name?

Jonathon Leib
  • Rental Property Investor
  • Philadelphia, PA
Posted

I own a few rental properties in Philadelphia that I purchased through conventional financing and it was just easier to do in my name rather than an LLC. I can't seem to find useful info on moving them to an LLC. Will the lender allow this easily? Wells, CITI, etc. also, do I have to pay transfer tax? Lastly, does it matter? I currently have an umbrella policy for iablitu coverage of $1.5mm. Doesn't this do the same thing as the LLC? Especially if I increase the coverage??

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