Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Medium-Term Rentals
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 2 years ago, 01/03/2023

User Stats

35
Posts
17
Votes
Colby Wartman
Pro Member
17
Votes |
35
Posts

TRANSFERING PROPERTY INTO LLC

Colby Wartman
Pro Member
Posted

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!

  • Colby Wartman
  • Loading replies...