Most Prudent Course of Action to "transfer" properties into LLC?
Good Morning Fellow BP rockstars - My apologizes in advance for asking what I'm sure has been a very common question throughout our forums.
What's been your experience in transferring properties currently financed by bank into your business LLC? We have an established LLC and multiple properties in our names that we would like to move into our LLC. Please provide any suggestions/recommendations you may have.
Is there a prudent way to accomplish this? I'm told banks these days are actively pursuing "due on sale clauses" when investors transfer title from personal to LLC. So that is something to consider as well...any insight would be awesome!
I appreciate your feedback! See you around BPland!
Jorge