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Updated over 3 years ago on . Most recent reply

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Michele Leonardi
  • Investor
  • Brigantine, NJ
0
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5
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How to transfer title to LLC?

Michele Leonardi
  • Investor
  • Brigantine, NJ
Posted

Hi everyone.

I just closed on a single family home that I’m planning to flip.
I have financed it using a conventional mortgage under my name, and I would like to transfer the title to my LLC, so I can manage the renovation through it.

* Any lead on how to conveniently transfer the tittle to the LLC?

Thank you very much in advance, ciao.

Michele

Most Popular Reply

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36
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Adam S.
  • Rental Property Investor
  • Louisville, KY
25
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36
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Adam S.
  • Rental Property Investor
  • Louisville, KY
Replied

@Stephen Reyes

I’ve done it a few times. So far, as long as the lender gets the money regularly (think about setting up auto-draft), they don’t bother. I heard during the Great Recession that some cracked down on this practice, but I discussed what I was doing with my lenders so they were fully aware.

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