In regards to the insurable interest on the transfer to the LLC, as long as the owner of the LLC is the same individual who is on the mortgage, there will not be any issues with the insurance policy providing defense or settling Property claims. 

would an option be to transfer ownership to LLC after a year?

Anything to note on LLC's and transferring ownership to a child?

I estimate 2.25% on cash, 3% financed assuming 50/50 transfer taxes. 

Hey Guys,I have a question regarding the best methodology of transferring a property for my situation.I am in California state. 

Looking to get a refi for 30 years with a lower than 4% rate.Type of property: Single family homeLocation of property: Diamond Bar, CAPurpose of financing: Refinance, lower monthly costs and overall long term costType of financing sought: Open to different options as long as it lowers their monthly payment and long term costsCurrent or prior ownership of real estate: Currently 1 SFH as primary; their business owns several commercial real estate assetsOccupancy: primary homeValue of property at present: $1.8 MilDown payment or equity: $900K equitySource of down payment funds, if applicable: own fundsIncome Source: They run a highly cash-based business and they've issued W2 for themselves for the purpose of their previous loan. 

The lease transfers with the sale of the property, therefore, the tenant is allowed to remain in the unit until their lease expires.

Many pushing land trusts went further, incorrectly claiming that utilizing a land trust for ownership of a property would not trigger the due on sale clause in mortgage notes if the land trust itself was transferred (sold), and therefore mortgage assumptions and subject to sales wouldn’t have the threat of mortgage note acceleration hanging over the transaction.

Then there is resale costs which would be agent commissions, transfer taxes, recording fees, escrow fees, title fees, misc. fees.

Found an off market property in up and coming area. Owners are open to selling, but just came out that the property is owned by their corporation. Their CPA says they will pay cap gains when the Corp sells, then they ...