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Tax, SDIRAs & Cost Segregation

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Transfer properties to LLC

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Posted Jul 26 2014, 07:08

I have five rental properties that I want to transfer to an LLC. While the transfer process seems to be easy enough, I am having problems with the insurance and mortgage companies.Both have told me that they would drop coverage/call the note if that happens.

I do have a personal umbrella policy, just as a side note.

How do I go about this? I am in NC if that matters.

Any pointers appreciated. Thanks in advance.

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