Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Stephen Rooker
1
Votes |
14
Posts

Moving a Property into an LLC

Stephen Rooker
Posted

I own a couple investment properties, but both of them were purchased under my name (as opposed to an LLC) due to the simpler process of acquiring a loan. I realize that having properties under my name poses a lot more liability, and so I would like to move these properties into an LLC, but part of the disclosures when signing for the loan stated that I would not transfer the title of the property. I talked to my mortgage lender, and she said that I could work with the title company to transfer the loan to an LLC, but that if the bank noticed this change then they could take back the loan. Does anyone have suggestions for protecting my personal assets from liability in a way that doesn't violate the terms of the loan?

Most Popular Reply

User Stats

128
Posts
97
Votes
Weston Couch
  • Attorney
  • Austin, Tx
97
Votes |
128
Posts
Weston Couch
  • Attorney
  • Austin, Tx
Replied

Have you considered transferring it into a land trust owned by an LLC? This is what we do for our clients as it avoids any due on sale concerns(technically the property remains in your control) and it can make you anonymous as the owner(helps protect you and your LLC from lawsuits stemming from the property).

Loading replies...