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Updated about 3 years ago on . Most recent reply

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Bob S.
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Bob S.'s profile image
Bob S.'s profile image
Bob S.
  • Member since Dec 4, 2021
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Bob S.
1
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6
Posts
General Landlording & Rental Properties

Transferring Property to LLC

Bob S.
Posted

Two questions:

1. Has anyone ever heard of a bank calling a loan due to transfer to an LLC? Are many people doing this without getting official approval from the bank first? Seems like many say no and some say yes if formally ask them?

2. Is there a waiting period after closing to transfer a property to an LLC? I've heard some people mention 30 or 90 days. Thanks!

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