Refinancing From My Name To My L.L.C. Name
Does anyone know if it is possible to refinance a property from my personal name to my L.L.C. & if so do you know how long my L.L.C. has to be in existance before that can happen. I just got a R.E.O from the bank, i took title in my name but i want to start doing my deals in my L.L.C. name plus i found a bank that will let me refinance 80% LTV in my L.L.C. but they said it has to be already under my L.L.C. in order to do the refi. HELP!!
sorry, im located in
NJ
see what the state laws are re: transferring property to/from the LLC. In CA you could just quit claim the property to the LLC,
Thanx alot!
Good point, Thank you. I hadnt even thought about the ins. issue
Good luck you probably have a better chance of riding a duck to Mcdonalds and getting 7 free big Macs. Try trust.