@markjkohler: Banks do NOT care if you move a property into an LLC... This has been done time and time again, and you shouldn't be scared away from this type of asset protection! Check out the full discussion on the Morris Invest YouTube Channel! #realestate #LLC #taxes #business #finance #cpa
Mark J. Kohler
Region: US
Thursday 01 February 2024 18:00:42 GMT
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Rod :
Put the property in a land trust and name your llc as the beneficiary. That's the way I do it. 5 million per LLC 🫵👑
2024-02-03 15:58:16
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Noemi Bookkeeping & Tax Coach :
Would that also work if it gets moved to a corporation or does it have to be a llc?
2024-02-01 18:27:25
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newmarylandcrabcake :
Not sure why you do an LLC. Asset protection can be obtained with an irrevocable trust and liability insurance. Not worth it for small investors.
2024-02-02 22:01:39
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Jesse Torres :
Just did this on our first multi-unit property. You can usually just notify the bank ahead of time and they will give you written approval
2024-02-02 01:09:47
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Baskal K. | Tax-Smart Investor :
You can’t have an issue with your homestead exemption if you transfer to an LLC. So be careful it’s better to transfer into a trust
2024-02-03 22:03:24
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Crystal the Relatable Redhead :
Lenders do not like to give consent to move property into an LLC until it’s paid off tho
2024-02-01 21:45:30
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jadecdare :
Great info !! 🙌🏼🔥
2024-02-01 20:50:37
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Aalok Patel :
What happens if the city has a transfer tax ?
2024-02-03 15:31:49
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user5563739194510 :
😂😂😂
2025-01-31 23:16:36
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Matt 🥓 :
They screwed up a transaction and I ended up getting sued for introducing these guys to the private lender. I had to fight a lawsuit for 3 years!
2024-02-03 22:27:55
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Hazar Jimenez :
GOD Bless you Mam.🥰@money_wizard_fx
2024-02-02 09:37:04
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