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Updated 22 days ago on . Most recent reply

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Brian Zellner
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Mortgage to LLC

Brian Zellner
Posted

Relatively new investor, and just bought my first house with a mortgage. My other properties are in my LLC's name because I purchased them in cash. How hard is it to transfer this property into that of the LLC after closing?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Brian Zellner:

Relatively new investor, and just bought my first house with a mortgage. My other properties are in my LLC's name because I purchased them in cash. How hard is it to transfer this property into that of the LLC after closing?


Simple to do but I would ask why? If the mortgage is in your name you can transfer it but reality is its not giving you asset protection because your company is seperate from you - and unless you are in the business of giving homes to people or companies then its not an arms length transaction and essentially voids any protection from a LLC.

  • Chris Seveney
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