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Updated over 5 years ago on . Most recent reply presented by

Donald DiBuono's profile image
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Donald DiBuono
  • from Troy, NY
  • Member since Feb 17, 2016
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Donald DiBuono's profile image
Donald DiBuono's profile image
Donald DiBuono
  • from Troy, NY
  • Member since Feb 17, 2016
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Donald DiBuono
  • Troy, NY
26
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103
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Tax, SDIRAs & Cost Segregation

Transferring a Property to an LLC

Donald DiBuono
  • Troy, NY
Posted

If I purchase a multi-family in my own name, with a mortgage, how can I transfer that property to an LLC? If I transfer the property to an LLC, will my mortgage be called due? How can I avoid that from happening?

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Donald DiBuono's profile image
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Donald DiBuono
  • from Troy, NY
  • Member since Feb 17, 2016
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Donald DiBuono's profile image
Donald DiBuono's profile image
Donald DiBuono
  • from Troy, NY
  • Member since Feb 17, 2016
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Donald DiBuono
  • Troy, NY
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103
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Donald DiBuono
  • Troy, NY
Replied

I reside in NY, so I am assuming I will need to set up the company in NY? How does an LLC / Trust work the most advantageously in unison?

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