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Updated about 1 month ago on . Most recent reply

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Jack Pokorney
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Transferring Personal Ownership to LLC

Jack Pokorney
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Looking for advice/information. I have just formed an LLC and would like to transfer ownership of my duplex into it. I purchased the duplex as a house hack over a year ago to get an FHA loan. I am seeing conflicting information regarding how to achieve this and whether it will trigger a sale, disrupt my financing, etc. I am also seeing some information about using a trust with the LLC as a beneficiary. Anyone with any experience here? Located in Wisconsin.

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Quote from @Jack Pokorney:

Looking for advice/information. I have just formed an LLC and would like to transfer ownership of my duplex into it. I purchased the duplex as a house hack over a year ago to get an FHA loan. I am seeing conflicting information regarding how to achieve this and whether it will trigger a sale, disrupt my financing, etc. I am also seeing some information about using a trust with the LLC as a beneficiary. Anyone with any experience here? Located in Wisconsin.

I have seen the responses to date and they are all missing the point. What, exactly, are you trying to accomplish with the transfer?

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