conventional loan to LLC

3 Replies

I just bought a my first investment property in NJ.

I borrowed from Chase with conventional loan. How can I transfer the deed to a LLC ?

Can I use quitclaim deed by myself? 

or should I talk to Chase bank or just hire CPA or attorney?

I don't know what to do.

Please help me

@Sinil Kim Most conventional loans have pay on transfer clauses which means that when you transfer title the Bank could require you pay them the balance of the loan. Some people will tell you there are ways around this but the reality is if the bank finds out you transferred the title and they want to collect they can. I suggest speaking with an attorney and possibly your bank before transferring the title.