Hello,My sister in law is currently under contract for a house in Aurora Colorado on Hanover St near E Colfax.

One big question I have is - Are there any downsides to transferring A 30-year conventional loan to a LLC after closing?

@Ankan Basak if you do decide to keep it, one thing to keep in mind is if he moves out say 2 months from now and the refrigerator fails 6 months from now, you likely won't have the benefit of the manufacturers warranty unless the warranty is transferable which generally it is not.

BC has a transfer tax, AB doesn't. 

The only thing you need to figure out in regards to the Netherlands is what rules and laws apply, how to handle your taxes, how you transfer property.

So we’ve just had our offer accepted on our 2nd property in this crazy market and after celebrating our little win our lender has brought to our attention that being that our down payment and closing costs will be funded from our savings which we without knowing transferred our income tax from our checking to savings .

Does anyone have advice regarding how the property can be transferred to an LLC if both of us own the LLC.

Try and have them bid " apples for apples".1- Windows   , Vinyl, Low E.2- Six panel doors and no jambs but new trim.3- two tone paint, these two colors.4- New bathroom vanity, toilet, and remove old tile with new tile. 12' X 24".Etc , etc.Brent is smart and great article, I am just adding my point of view from a seasoned  Re- hab contractor!               

This question has been asked and answered literally 100’s of times. 95-99% of time ti,e it’s a bad idea in the opinion of those that don’t think they are always a bad idea. 

If it's in a HELOC my assumption is the auction will require them to transfer into a checking account. lol