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Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Michael Sarrail
  • Upland, CA
7
Votes |
21
Posts

Moving mortgage into an LLC

Michael Sarrail
  • Upland, CA
Posted

Do any of you know a lender that allows a mortgage to be moved into an LLC after closing? I own 2 properties but the lender will enforce the due on sale clause.

If there are no lenders that allow the move into an LLC would buying my next property cash to start the LLC make sense? If so, how long does it take for the LLC to mature enough that I would be able to get mortgages it directly. 

If anyone has other suggestions I am open to listen. My end game is protection of assets. 

Thanks in advance 
Mike

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