Skip to content
×
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
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Goals, Business Plans & Entities
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 10 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Dave Jackson
  • Carmel, IN
1
Votes |
7
Posts

Titling Rentals in Name of LLC

Dave Jackson
  • Carmel, IN
Posted

Hello all! 

I'm starting to piece together my plan to present to investors. However, I seem to have ran across a bit of a snag. I was recently told that banks will not allow you to refinance a property under the name of an LLC and that it had to be in your name. I heard the same for conventional mortgages as well. However, I want to legal liability protection that an LLC provides for my business, especially as it grows. Is it illegal to re-title properties in the name of the LLC? What are the consequences of doing do if it is legal? How do I protect myself if I cannot title it under an LLC? If re-titling is possible, is it expensive/worth it?

Thank you for all of your help so far!  I can't wait to get started and I have no one else to thank but all of you!  God bless you all! 

I will eagerly await your wisdom and replies. =)

Loading replies...