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Updated about 6 years ago on . Most recent reply

User Stats

347
Posts
25
Votes
Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
25
Votes |
347
Posts

Do you need to tell the bank with the loan about transfer to LLC

Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
Posted

Hello,

Do you need to tell the bank that will lend you the money for the loan that you will later on transfer the rental property under an LLC so they will not maybe do a due on clause on the property and also should have them put that in writting or they wont care if I put it under an LLC. The property is a duplex.

Thanks,

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