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Personal Finance
HomeForumsPersonal FinanceMoving Rental into a LLC
Michael Kulusich's profile image
Michael Kulusich's profile image
Michael Kulusich
Pro Member
  • Investor
  • from San Pedro, California
  • Member since Apr 17, 2015
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Michael Kulusich's profile image
Michael Kulusich's profile image
Michael Kulusich
Pro Member
  • Investor
  • from San Pedro, California
  • Member since Apr 17, 2015
Connect
Michael Kulusich
Pro Member
  • Investor
  • San Pedro, CA
1
Votes |
17
Posts
Personal Finance

Moving Rental into a LLC

Michael Kulusich
Pro Member
  • Investor
  • San Pedro, CA
Posted Mar 15 2019, 12:00

I need to take rental property out of my name and move to LLC . I called my current Lender and they have informed me they do not Lend to LLC ‘s I believe I have read somewhere that most banks will not carry mortgage for LLC. Currently have a balance of about $180,000 on mortgage, Redfin estimates value at $315,000. Anyone have a Lender that will Lend to LLC is Los Angeles area and possibly do a cash out refi as well.

Thanks

Mike K

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