I own two investment properties for 10 years with mortgages on both… And would like to transfer the title of the mortgages into an LLC… To which I am finding that no bank wants to… Does anybody know how I can do this
I would recommend going to a local credit union and see if they would refinance for your LLC. Show them the numbers and say you want to work with them for more investments and loans. Another alternative (may be cheaper or more expensive depending of your state) is to get an umbrella policy for the mortgages. Most umbrellas cover a minimum of 1M in liability which is about how much an LLC covers. Remember an LLC cost some money to mantain, is not a lot but is an expense to take in mind.
@Frank Tarantino, One strategy that works is to transfer the title to a land trust which is protected by the St Germain act and list your LLC as the beneficiary. Here is a bigger pockets article that describes how it is done.