Buying as an Individual - Transferring to a Business
Hi my BP Family!
I've heard a few times that you can't buy/mortgage a house as an individual and then transfer it to a business. The primary reason one would want to do this is to get a mortgage since most banks won't give a mortgage to an entity.
However, I also keep hearing the great Brandon Turner saying he's mortgaged property under his name and then placed them under a business.
Anyone have any experience or thoughts on how to do this?
Thanks for the help!
- Alvin