Putting titles in companies name

Putting titles in companies name

Member since 2018 · 24 posts · 10 votes

How Can I put a property in my LLC by using the Brrrr strategy? Banks want to see at least two years of business before they will accept any property's in my business name and they will call the note due if I change it from my name into the business name. I feel like I'm stuck. Any good advice i well really appreciate.

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  • Real Estate Broker · Hyde Park Tampa, FL · Member since 2019 · 2k+ posts · 3k+ votes
    5y

    Why is it important to you?  If it's for liability protection, be sure it's the best vehicle:

    https://www.apartments.com/ren...

    Private Mortgage Lenders (not to be confused with Hard Money Lenders) will readily lend to an LLC at rates/terms competitive with bank mortgage rates. Banks cannot provide financing to an LLC if it's a Freddie and/or Fannie loan because those are required to be in an individual's name. There's no getting around that...just is.

    And, you're not actually stuck...you just are hitting your head against the wrong wall.  You've got this...just know what you want and why then go to the right source to get it. 

    Best...

  • Anderson HargrovePro Member
    OP
    Member since 2018 · 24 posts · 10 votes
    5y

    @Patricia Steiner thanks. It is for liability protection. I don't nobody suing me for my personal property.

  • Anderson HargrovePro Member
    OP
    Member since 2018 · 24 posts · 10 votes
    5y

    @Patricia Steiner I just read the article you sent me and I really appreciate it. It's all about my insurance policy.

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