Minnesota Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
Recommend a good Real Estate Attorney
Hi Everyone,
Can anyone recommend a lawyer I can get in touch with in the Twin Cities Metro?
I want to discuss with the attorney about whether I need to transfer my property to an LLC after I close next Thursday, get an umbrella policy or put it in a trust.
Thanks,
Josh
Most Popular Reply
What type of loan do you have? If you have an FHA or Conventional loan you can't own property in the name of an LLC. I just purchased a 4 plex with a conventional loan and they made me change the purchase agreement and titling to my personal name.
If you are paying cash or if you have a portfolio loan this won't be an issue, you can title it however you want.