@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
Mark J. Kohler
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Region: US
Thursday 01 February 2024 18:00:42 GMT
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rodreloaded
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
2
mamacountsbookkeeping_
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
1
newmarylandcrabcake
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
1
jessehtorres
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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baskalkorkis
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
1
crystaltheredhead
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
1
jadecdare
jadecdare :
Great info !! 🙌🏼🔥
2024-02-01 20:50:37
0
aalokpatel97
Aalok Patel :
What happens if the city has a transfer tax ?
2024-02-03 15:31:49
1
monsterdad1
user5563739194510 :
😂😂😂
2025-01-31 23:16:36
0
asaproofing
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
1
hazar.jimenez10
Hazar Jimenez :
GOD Bless you Mam.🥰@money_wizard_fx
2024-02-02 09:37:04
0
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