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Updated about 7 years ago on . Most recent reply

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John Lee
  • Irving, TX
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29
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Loan in personal names and putting title in LLC

John Lee
  • Irving, TX
Posted

So my brother and I are finally getting a rental property.

Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing.

Has anyone else done it this way? will this work?  

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @John Lee:

So my brother and I are finally getting a rental property.

Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing.

Has anyone else done it this way? will this work?  

This is one of the most common threads/questions on here... rather than beating a dead horse and having the same convo that's happened a million times before, I'd suggest using the search function for "LLC" and "due on sale." There have been many heated debates.

  • Chris Mason
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