Unable to transfer properties into an LLC?

[Eric Carlstrom]

Hi all,

I recently spoke with my attorney who said, very confidently, that I should have the ownership of my rental properties in my LLC, versus owning them in my name. My attorney has been doing this for 30+ years and I tend to really trust his guidance. I also have friends who deploy this strategy and believe it's common.

However, I inquired with my lender who let me me know that Freddie and Fannie do not allow ownership of their loans to be in an LLC, but instead a Trust. This is news to me and I would like to crowd source a better understanding. Thx in advance!