Transfer my Properties into my LLC
When I was applying for financing I used a Mortgage Broker. I knew at that point I was going to transfer the properties into my LLC. My Mortgage Broker said that would not be a problem. Well, it IS a problem. I contacted my lender and they said they don't service LLC Loans.
St Petersburg Housing Authority is paying rent to my LLC and the Insurance for the properties is all in the LLC. Is there anything I can do? Will this be a problem when I file taxes?
Someone told me to just deed the property into the LLC. As long as the mortgage payments are made on time, I shouldn't have a problem. If I do have a problem, he said just deed it back into my name.
Can anyone shed some light on this for me? I also need a CPA/Accountant to prepare my tax returns.