All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Start here
  • Education
    Forums

    Learn from and contribute to 659K+ real estate discussions

    BiggerPockets Podcast

    Listen to weekly interviews with investors & entrepreneurs

    BiggerPockets Blog

    Delve into 8,800+ articles by experienced investors

    Member Blogs

    Read original articles by BiggerPockets members

    Guides

    Master the ins and outs of fundamental real estate topics

    The Money Show

    Listen to weekly interviews that will help get your financial house in order

    Webinars

    Sign up for this week's free webinars hosted by experienced investors or view previously-held webinar recordings in the Archives

    Videos

    Browse our library of real estate related video content

    Free Course

    Experience The Financial Independence Blueprint video series - a free four-part video series

    Topics
    Property Management Property Types Finance Strategy Finding Deals Business Operations
  • Network
    Members

    Search over 1,270,000 members across BiggerPockets

    Companies

    Explore over 31,000 real estate-related companies

    Real Estate Agents

    Find an investor-friendly agent near you

    Hard Money Lenders

    Pinpoint lenders near you with our nationwide database

    Events

    Find upcoming real estate events and meetups near you

    Jobs

    Browse real estate job opportunities in your area

  • Tools

    Calculators

    • Fix and Flip
    • Rental Property
    • BRRRR
    • Rehab Estimator
    • Wholesaling
    • Mortgage Payment
    • 70% Rule
    • Airbnb Calculator

    Services

    Find a Contractor Get a Mortgage Loan Tenant Screening External Link

    Additional Tools

    FilePlace

    Download presentations, spreadsheets, contracts & more

    REI Resources

    Dig into thousands of curated real estate tools & resources

    Calculators
  • Marketplace
    Properties For Sale

    Buy and sell real estate deals or seek out partners, financing, etc.

    Find Foreclosures External Link

    Search this comprehensive database of nationwide foreclosures

    Ads, Jobs, and Other

    Advertise your real estate business, deals, financing & more

  • Bookstore

    Featured Book

    Recession-Proof Real Estate Investing book cover

    Recession-Proof Real Estate Investing

    This easy-to-follow guide will show you how to make money during all of the market’s twists and turns! Accomplished investor J Scott dives into the theory of economic cycles and the real-world strategies for harnessing them to your advantage.

    Get the book now

    Real Estate Books

    • Flipping and Estimating Bundle
    • How to Invest in Real Estate
    • How to Sell Your Home
    • See All Books
    Real Estate Books

    Shop books covering real estate investing and personal finance.

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

    Real Estate Forms

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

  • Plans
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowStarting OutArrowTransfer Rental Property to LLC?
  • Newest Posts Arrow Down Light
    • Newest Posts
    • Unanswered Discussions
  • Trending Arrow Down Light
    • Top Discussions
    • Trending Discussions
  • Investor Basics Arrow Down Light
    • Local Real Estate Forums

      Real Estate Forums near you

      • New York City Real Estate Forum 1.3K Posts 191 Discussions
      • Norfolk Real Estate Forum 350 Posts 35 Discussions
      • Baltimore Real Estate Forum 1.8K Posts 223 Discussions
      • Norwalk Real Estate Forum 7 Posts -1 Discussions

      View all Local Real Estate forums

    • General Info
      • Real Estate Success Stories 77K Posts 3.7K Discussions
      • Real Estate Not-So-Successful Stories 523 Posts 41 Discussions
      • New Member Introductions 488K Posts 56K Discussions
      • BiggerPockets Summer Reading List 92 Posts 14 Discussions
      • Real Estate Quizzes 696 Posts 21 Discussions
      • BiggerPockets Money Podcast 675 Posts 50 Discussions
      • BiggerPockets Exclusive PRO Area 16K Posts 3.0K Discussions
      • FAQ Forum 132 Posts 9 Discussions
      • BiggerPockets Webinar Discussion Forum 459 Posts 15 Discussions
      • Questions About BiggerPockets and Official Site Announcements 42K Posts 4.1K Discussions
    • General Real Estate
      • Investor Deal Diaries 17K Posts 863 Discussions
      • Completed Deal Diaries 5.7K Posts 2.0K Discussions
      • Buying & Selling Real Estate Discussion 423K Posts 58K Discussions
      • Renters Discussion 44K Posts 5.1K Discussions
      • Military Investing 5.4K Posts 530 Discussions
      • Construction & Remodeling Diaries 6.1K Posts 1.0K Discussions
      • Do it Yourself 32K Posts 3.5K Discussions
      • Get Foreclosure Help - Stop Foreclosure Forum 6.6K Posts 910 Discussions
      • Home Owner Association (HOA) Issues & Problems Forum 6.2K Posts 910 Discussions
    • Reviews & Feedback
      • Real Estate Deal Analysis and Advice 131K Posts 18K Discussions
      • Ask About A Real Estate Company 24K Posts 2.7K Discussions
      • Real Estate Guru, Book & Course Reviews and Discussions 28K Posts 2.9K Discussions
    • Investor Basics
      • General Real Estate Investing 144K Posts 19K Discussions
      • Starting Out 290K Posts 41K Discussions
      • Real Estate Investor Marketing Help & Advice 46K Posts 6.5K Discussions
      • Investor Psychology 21K Posts 1.6K Discussions
    • Landlord & Tenant Forums
      • Landlord Forums & Rental Property Questions 358K Posts 39K Discussions
      • Mobile Homes & Mobile Home Park Investing 19K Posts 2.3K Discussions
    • Foreclosures
      • General Foreclosure & Pre-Foreclosure Forums 33K Posts 5.2K Discussions
      • REOs 17K Posts 2.2K Discussions
      • Short Sales Questions 17K Posts 2.1K Discussions
      • HUD, VA, and Tax Sales 10K Posts 1.5K Discussions
    • Real Estate Strategies
      • Tax Liens, Notes, Paper, & Cash Flows Discussion 34K Posts 3.9K Discussions
      • Real Estate Development & New Home Construction 19K Posts 2.6K Discussions
      • Short-Term and Vacation Rental Discussion 22K Posts 2.0K Discussions
      • Rent to Own a.k.a. Lease Purchase, Lease Options 15K Posts 2.3K Discussions
      • Real Estate Wholesaling Questions & Answers 137K Posts 18K Discussions
      • Rehabbing and House Flipping 110K Posts 13K Discussions
      • Innovative Strategies 27K Posts 3.4K Discussions
      • 1031 Exchanges 8.7K Posts 1.4K Discussions
    • Commercial Real Estate
      • Multi-Family and Apartment Investing Forums 96K Posts 10K Discussions
      • Commercial Real Estate Investing Forum 36K Posts 4.8K Discussions
    • Business Basics
      • Goals, Business Plans & Entities 25K Posts 3.5K Discussions
    • Real Estate Technology and the Internet
      • Real Estate Technology, Social Media & Blogging 16K Posts 2.3K Discussions
    • Loans, Mortgages, Credit Lines
      • Creative Real Estate Financing Forum 50K Posts 7.5K Discussions
      • Private Lending & Conventional Mortgage Advice 105K Posts 14K Discussions
      • Real Estate Crowdfunding Forums 5.6K Posts 384 Discussions
    • Financial, Tax, and Legal
      • Tax, Legal Issues, Contracts, Self-Directed IRA 100K Posts 15K Discussions
      • Property Insurance Questions & Discussions 11K Posts 1.8K Discussions
      • Personal Finance Forum 18K Posts 2.0K Discussions
    • Real Estate Professionals
      • Real Estate Agent Forums 47K Posts 7.0K Discussions
      • Contractors 18K Posts 3.7K Discussions
      • Bankers, Lenders, and Mortgage Brokers 12K Posts 1.9K Discussions
    • Real Estate Marketplace
      • Marketplace 227K Posts 88K Discussions
      • Real Estate Events and Happenings 57K Posts 12K Discussions
    • Off Topic
      • Housing News & Real Estate Market Discussions 15K Posts 1.8K Discussions
      • BiggerPockets Real Estate Investing Summit 2.0K Posts 107 Discussions
      • Off-Topic 43K Posts 5.3K Discussions
Start a Discussion

Transfer Rental Property to LLC?

3 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
  • 1
Laura LaFrenier
  • 5 posts
  • 1 votes

Laura LaFrenier
from Jackson, Michigan

posted about 1 year ago

Hello everyone. I'm sure this question has been asked before, so I apologize. I just purchased my first rental property on Dec. 29th. In order to do this, I took out a HELOC on my primary residence. My plan is to apply the BRRRR strategy and re-fi the rental property in 6 months after repairs are done and a tenant is secured. Here's my question: should I transfer the title of the property to my LLC? I purchased an LLC a few months ago but the title for the rental is currently in my and my husband's name basically because I wasn't sure if it was necessary or what I should be doing (haha, as I said, I'm a first-time investor). Would it make sense to just leave in our names and not the LLC? Would there be any consequences during the re-finance process if it is under the LLC and not our names? Thanks!

Bob Okenwa
  • 1.4K posts
  • 1.0K votes

Bob Okenwa
Real Estate Agent/Investor from Peoria, Arizona

replied about 1 year ago

Hi Laura,

I think that you would have to take the property out of the LLC to refinance it, so that is something you may want to research with your lender before making a decision. Or find a lender that will do a cash out refi to an LLC, though from what I've seen from others here, it seems to be difficult to do so.

Megan Davidson
  • 16 posts
  • 8 votes

Megan Davidson
from Melbourne Beach, Florida

replied about 1 year ago

Cash out re-fi on an LLC held property? As @Bob Okenwa mentioned, you'd have to find a bank willing to do that. At the very least if you do find one you'll have to personally guarantee the loan I'd bet. If you have a relationship with a local bank or credit union they may be willing to do a portfolio loan where they hold the note rather than sell it to another institution.

It IS possible though, we do it, but our relationship is with a local bank and we have several LLC owned properties under a portfolio loan.

However I'd recommend you find and talk to a couple local bankers before transferring anything, see what they say. Your best bet would be to ask for a commercial lending officer but be aware, unless they REALLY like you the LTV is probably going to be something like 70% max.

Laura LaFrenier
  • 5 posts
  • 1 votes

Laura LaFrenier
from Jackson, Michigan

replied about 1 year ago

Thanks for the info! I will probably keep it in my name until I refinance it then.

  • 1

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Sign up below to download the eBook for FREE today!

Download the eBook Now

Lock We hate spam just as much as you

Top Contributors

Twana Rasoul
Twana Rasoul
San Diego, CA
9.43
Score
Joe Villeneuve
Joe Villeneuve
Plymouth, MI
5.34
Score
Jim K.
Jim K.
Pittsburgh, PA
4.11
Score
Frank Wong
Frank Wong
SF Bay Area (East Bay)
3.49
Score
Russell Brazil
Russell Brazil
Rockville, MD
2.44
Score

Trending Discussions

  • California to make "Solar "mandatory for new Homes!!!!!!
    89 Replies
  • Should I report this agent to the Board of Realtors or?
    127 Replies
  • How many of you have bought a note this year ?
    53 Replies
  • Sceptical Wife, Who Asked for Reassurance Before Investing
    34 Replies
  • Should we wait or go for it?
    49 Replies
Close Thin

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here

Already have an account? Click here to log in

Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • Perks
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • Google+
  • YouTube
  • Instagram
© 2004-2019 BiggerPockets, LLC. All Rights Reserved.