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Updated about 5 years ago on . Most recent reply

Saurabh Mehta's profile image
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Saurabh Mehta
  • from Burlington, New Jersey
  • Member since Jun 5, 2017
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Saurabh Mehta's profile image
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Saurabh Mehta
  • from Burlington, New Jersey
  • Member since Jun 5, 2017
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Saurabh Mehta
  • Burlington, NJ
1
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11
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Tax, SDIRAs & Cost Segregation

Can I move my property under the LLC?

Saurabh Mehta
  • Burlington, NJ
Posted

I am a newbie investor and bought a duplex under my name with a mortgage.

I was told by my lender that I could not have obtained a loan under LLC.

Now, I would like to move that property under LLC to protect my assets. What steps do I need to take? Would this affect my current mortgage? Do I have to pay a higher premium for my insurance?

Thank you BP community.

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Saurabh Mehta's profile image
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Saurabh Mehta
  • from Burlington, New Jersey
  • Member since Jun 5, 2017
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Saurabh Mehta's profile image
Saurabh Mehta
  • from Burlington, New Jersey
  • Member since Jun 5, 2017
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Saurabh Mehta
  • Burlington, NJ
1
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11
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Saurabh Mehta
  • Burlington, NJ
Replied

@Daniel Haberkost Thank you!

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