Transferring a non owner occupied mortgage into an LLC
Hello all! So my partner and I set up an LLC to buy rental properties. We have funded the accounts and established business credit enough to make our first purchase. I’m curious about the ins and outs of purchasing a property with our own personal cash and transferring it over to the LLC. It would be a non owner occupied loan. Is it complicated? Is there a waiting period? What are the tax implications. We have a CPA and an Attorney but I wanted to reach out to you all for insight. Thank you in advance.