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Updated almost 3 years ago on . Most recent reply

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Deep Patel
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Deep Patel
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Mortgage Brokers & Lenders

Lenders that allow transfer to LLC

Deep Patel
  • New to Real Estate
Posted

Hi, we're looking for lenders for properties in the Birmingham areas who would allow a transfer a conventional loan to LLC. We are currently in the process of buying our first property with a conventional loan and would love to transfer the title to an LLC immediately after purchase. Appreciate any suggestions

Birmingham, Alabama
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Chris Seveney
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ModeratorReplied

@Deep Patel

Don't know any that will. If it's a single family rental there is no need for a LLC. Just get a good insurance policy and a decent property manager.

@Nathan G. Has a great post on misconceptions of the LLC

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