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James Heacock
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10
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Invest property ownership through an LLC

James Heacock
Posted

Hello everyone. I am nearly ready to purchase my first property potentially through Memphis Invest. I plan to switch the title to my LLC after closing. Lenders have to option to call the entire mortgage balance due if there is a title transfer. I hear that this rarely happens or that they may force the title to be switched back to my personal name. I would like to have my LLC own the property for asset protection reasons as well as tax reasons. Does anyone have any thoughts or experience seeing banks take some type of action if title is transferred?

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