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Updated almost 4 years ago on . Most recent reply

User Stats

284
Posts
85
Votes
Kyler J Sloan
  • Investor
  • Maggie Valley, NC
85
Votes |
284
Posts

Moving Property into LLC

Kyler J Sloan
  • Investor
  • Maggie Valley, NC
Posted

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. 

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