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Updated over 2 years ago on . Most recent reply
SA Attorney // Move properties under LLC while it has a mortgage
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?
- Justin Brickman
- [email protected]
- 210-827-6020
Justin Brickman Realty
86 Reviews
5.0 stars
Most Popular Reply
Nathan Gesner
Property Manager
Agent
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- Real Estate Broker
- Cody, WY
- 41,354
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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.
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
The DIY Landlord Book
168 Reviews
4.7 stars