TRANSFERING PROPERTY INTO LLC

[Colby Wartman]

I purchased an investment property 3 months ago using Lower.com for financing. Had a very great experience with them except for one thing. We purchased as an investment property under our personal names under the guidance of our lender. Over the phone (not in writing, unfortunately) our lender said that once we purchase the property we would be able to easily transfer the property into our established LLC no questions asked, just go through the process. Come to find out, Lower.com has a clause that the property has to be paid off in full before we can transfer the property.

My question is, I have seem many people with many different experiences with this. We would like to transfer the property from our personal names into the LLC. How can we make this possible? What have you all done in the past? Thank you so much!

[Richard Bechtol]

You can utilize a Land Trust in order to avoid the due on sale clause.