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Updated about 9 years ago on . Most recent reply

Gordon Brown's profile image
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Gordon Brown
  • Investor
  • from Merrillville, Indiana
  • Member since Feb 5, 2016
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Gordon Brown's profile image
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Gordon Brown
  • Investor
  • from Merrillville, Indiana
  • Member since Feb 5, 2016
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Gordon Brown
  • Investor
  • Merrillville, IN
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New Member Introductions

LLC conversion

Gordon Brown
  • Investor
  • Merrillville, IN
Posted

Hello group,  I have owned two rental properties for about 10 years. What is the process of putting the mortgages under llc from my personal name? 

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Al Wilson's profile image
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Al Wilson
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  • from Daphne, Alabama
  • Member since Dec 28, 2014
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Al Wilson's profile image
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Al Wilson
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  • from Daphne, Alabama
  • Member since Dec 28, 2014
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Al Wilson
  • Investor
  • Daphne, AL
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Al Wilson
  • Investor
  • Daphne, AL
Replied

Your mortgage loan documents likely provide that transferring the property will cause the loans to become due and payable.

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