Updated almost 4 years ago on . Most recent reply

Moving Property into LLC
How does it work when one places a property which they obtained a mortgage for in their own name into an LLC?
Specifically, I was told that a property in the LLC does not affect your DTI ratio, but is seems unlikely that I am able to simply move each property I buy into an LLC immediate following the purchase.
Otherwise, there would be no cap on how many I am able to purchase in my name: [1] Buy property in my name; [2] Transfer it into an LLC so that it no longer factors into DTI; REPEAT ad infinitum.
Thanks for any and all feedback.