LLC in Conventional mortgage

[Tyler Warner]

Hey everyone , first post here. My first house (primary residence for several years) is now my first rental. It's been almost 2 years rented and has decent returns. As I approach the end of my first tenants lease and have begun purchasing more properties I have begun investigating putting the house in an LLC . My lender (conventional 30 yr) has stated that they do not allow for deed transfer to an LLC but they do for a trust. They also don't do helocs on rentals. I've considered refi but I'm at a Covid rate of around 2.9 so I can't let that go. Any recommendations on how to proceed to limit liability and increase privacy for me as owner ? I've already got an umbrella policy and require renters insurance

thanks

[Remington Lyman]

Quote from @Tyler Warner:

Hey everyone , first post here. My first house (primary residence for several years) is now my first rental. It's been almost 2 years rented and has decent returns. As I approach the end of my first tenants lease and have begun purchasing more properties I have begun investigating putting the house in an LLC . My lender (conventional 30 yr) has stated that they do not allow for deed transfer to an LLC but they do for a trust. They also don't do helocs on rentals. I've considered refi but I'm at a Covid rate of around 2.9 so I can't let that go. Any recommendations on how to proceed to limit liability and increase privacy for me as owner ? I've already got an umbrella policy and require renters insurance

thanks

 Typically if you wait until they sell the loan you can quitclaim deed it into your llc but you should confirm with your attorney