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Tax, SDIRAs & Cost Segregation

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Kenny Dahill
  • Investor
  • Tempe, AZ
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Bank Refused My LLC Title Transfer

Kenny Dahill
  • Investor
  • Tempe, AZ
Posted Mar 19 2019, 09:18

I recently received in the mail a notice that I am not allowed to transfer my primary home to my LLC. They mentioned restrictions due to Fannie Mae.

I would be subject to termination if I do not transfer it back.

Has anybody else dealt with a similar situation? I have never heard of this problem before and am surprised since transferring to my LLC is more protection against the asset for them.

Any suggestions/recommendations how to correct this with the bank and allow my LLC to own title?

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