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500
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Justin Brickman
  • Realtor
  • San Antonio, TX
274
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500
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SA Attorney // Move properties under LLC while it has a mortgage

Justin Brickman
  • Realtor
  • San Antonio, TX
Posted

Hey BP community,

I'm looking for a RE attorney to help me move a couple properties to my LLC, rather than keep it under my own personal name. Is there an attorney that you recommend for this situation?

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Justin Brickman Realty
4.9 stars
141 Reviews

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28,242
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,509
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28,242
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Justin Brickman:
Because it will cost them money and not make any money.

If your mortgage were 4% interest and the rates went up to 8%, then it may make sense for the bank to call your loan. That would force you to refinance at 8% and the bank would make more money.

When rates are the same, it doesn't make sense for them to call it.
  • Nathan Gesner
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The DIY Landlord Book
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246 Reviews

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