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.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

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
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Mobile Home Park Investing
Innovative Strategies
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions presented by
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing presented by
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation presented by
Foreclosures
1031 Exchanges presented by
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
You must be logged in and allowed to do that

Updated almost 7 years ago on . Most recent reply

Stephen Neto's profile image
Stephen Neto's profile image
Stephen Neto
  • from North Dartmouth, MA
  • Member since Apr 28, 2018

User Stats

45
Posts
6
Votes
Stephen Neto's profile image
Stephen Neto's profile image
Stephen Neto
  • from North Dartmouth, MA
  • Member since Apr 28, 2018
Stephen Neto
  • North Dartmouth, MA
6
Votes |
45
Posts
Goals, Business Plans & Entities

Property in Individual name trying to put in LLC

Stephen Neto
  • North Dartmouth, MA
Posted

I purchased a 3 family investment property in my name with a Freddie Mac (FHLMC) loan.

I asked the mortgage co if I am allowed to transfer the mortgage note into an LLC I want to create for the property and they said NO.

Apparently, "Freddie Mac (FHLMC) does not allow for a property to be transferred to an un-natural person", is what they said.

So I do not want get rid of this nice 30 year, low monthly payment FHLMC loan to put property in LLC.

Or should I? Is it more important to have a property in an LLC or have a cashflow friendly bank note?

0 Votes
Follow
1 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...