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Updated about 5 years ago, 12/09/2019

User Stats

109
Posts
47
Votes
Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
47
Votes |
109
Posts

Can I transfer a house I own to an LLC?

Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
Posted

I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I have mortgages on them, and since most mortgages have the due on sale/transfer clause, I'm wondering will they actually exercise that clause if I transfer the properties to my LLC?

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