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All Forum Posts by: John Litzenberger

John Litzenberger has started 2 posts and replied 21 times.

Post: Transferring Mortgages Into LLC.

John LitzenbergerPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 21
  • Votes 11

Hi All,

Happy Friday in the U.S.

I have a question I am hoping some people could provide insight into.

I have a few rental properties, have bought/sold, and managed properties for a few years now. I just recently started an LLC. however, and am trying to figure out ways to place my properties under my LLC. instead of my personal name.

I have queried some of the mortgage companies and they wont allow a transfer of the mortgages to the LLC. Obviously buying something out in cash would be simple enough to put a property under the LLC.'s name, but are there any tricks to get the current few mortgage I have under the LLC.? The LLC. has had a small amount of cash income over this previous year.

Any advice would be great.  Thanks all.

- Jon