Investment Property in Business Name

[Chris Teti]

I'm hoping someone can give me some advice. When buying an investment property here in NJ to either to flip or hold, my plan was to move it into my business name (newly formed business) after closing (simple deed transfer). I purchased the property in my name and with a mortgage in my name only, but the business has another partner.

When going to have the deed changed, that is a pretty simple process but the other items (insurance, mortgage, etc) seem to be more complicated. They either restrict this from happening or require me to get more expensive commercial based policies.

I hear about people doing this all the time but it doesn't seem as straight forward as i had hoped unless I'm misunderstanding something. Any advice or recommendations would be appreciated. Thanks.