Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

478
Posts
217
Votes
Bernadeau C.
Pro Member
  • Rental Property Investor
  • Orlando, FL
217
Votes |
478
Posts

Removing your personal credit from a loan after 6 months...?

Bernadeau C.
Pro Member
  • Rental Property Investor
  • Orlando, FL
Posted Apr 17 2018, 12:42

Hey all,

I was told that if a person were to buy a property with their personal credit and within 6 months of owning that property they "sell" the property to their own LLC; at that point that individual can then write a letter to the credit bureau that the property has now been transferred to an LLC and is no longer tied to their SSN and personal credit. After said letter is received from the credit bureau then the loan would then be removed from the individuals personal credit and be transferred to the LLC credit.

Is the scenario above a true scenario? has anyone accomplished this before if so how does the process work?

Thanks,

Loading replies...