All Forum Posts by: Johnathon Jenkins

@Johnathon Jenkins so even though the liability is covered, am I potentially missing out on certain loan programs for small businesses? Or any tax strategies that I'm potentially missing out on by not setting it up in an LLC versus personal conventional mortgages?

I have a few personal conventional loans on some rental properties under my own name. I would like to put them in an LLC but I believe there is a "due on sale clause" or even transfer which I'm afraid of losing my 4% 30 year loans.

I ended up just getting an umbrella insurance policy to manage some of the liablily risk but when it come to future lending and programs I think it would be benifitial to move them into an LLC but what are the chances I lose my loan structure for transferíng from a personal conventional ownership to an LLC. Maybe wouldn't be in the banks intrest as rate are falling but what about in the environment that we are in when rates are going up. Will the banks come to collect??

Thank you

Anyone experience any major set backs by using coin operated washer and dryers. Is it worth it? Or better not to in order to keep tenants happy?