Mortgage to LLC

[Brian Zellner]

Relatively new investor, and just bought my first house with a mortgage. My other properties are in my LLC's name because I purchased them in cash. How hard is it to transfer this property into that of the LLC after closing?

[Chris Seveney]

Quote from @Brian Zellner:

Relatively new investor, and just bought my first house with a mortgage. My other properties are in my LLC's name because I purchased them in cash. How hard is it to transfer this property into that of the LLC after closing?

Simple to do but I would ask why? If the mortgage is in your name you can transfer it but reality is its not giving you asset protection because your company is seperate from you - and unless you are in the business of giving homes to people or companies then its not an arms length transaction and essentially voids any protection from a LLC.