Updated almost 8 years ago on . Most recent reply
Moving our rental to an LLC
My partner, his wife and I purchased a property and took a loan on it using our personal credit. Because our LLC was brand spanking new, lenders wouldn't work with us without offering crazy rates. So we got a good deal and it's a cash flowing property. Everyone's happy.
Now I want to put the property in our LLC's name. Shouldn't be a big deal, right? Well, our loan company won't hear it and wants us to refinance under the LLC.
Suggestions?