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Updated about 5 years ago on . Most recent reply

Anestis K.'s profile image
Anestis K.'s profile image
Anestis K.
  • from New Jersey
  • Member since Nov 22, 2017
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Anestis K.'s profile image
Anestis K.'s profile image
Anestis K.
  • from New Jersey
  • Member since Nov 22, 2017
Connect
Anestis K.
  • New Jersey
3
Votes |
9
Posts
Tax, SDIRAs & Cost Segregation

Transferring Personal Mortgage to LLC

Anestis K.
  • New Jersey
Posted

Hey Bigger Pockets,

One of my 2020 goals is to open and transfer my properties to few LLC's. I started contacting lawyers and was told that I'm not allowed to transfer a personal loan to an LLC and if I did the bank could disqualify my loan.

Is that true, and if it is how is everyone going around it? 

Thank you 

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