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Logan Bosiger
  • Rental Property Investor
  • Lynchburg, VA
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Transferring single residence mortgage to an LLC

Logan Bosiger
  • Rental Property Investor
  • Lynchburg, VA
Posted Nov 25 2020, 05:23

My business partner and I have a property under contract. We have bought all of our other properties in our personal names. We were thinking about purchasing this one in an LLC and getting a commercial loan, but the rates are just so much better if we do a traditional conventional loan.

Does anyone have experience purchasing property in the personal name and then waiting after the first mortgage payment to transfer into an LLC? Is it a pretty seamless process? Thank you!

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