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    scud777's Avatar
    scud777 Posts: 1, Reputation: 1
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    #1

    Sep 27, 2007, 07:39 PM
    Title transfer to LLC - other options?
    We (married couple) own a rental property in California. The mortgage for the property is on our names. We have set up a California LLC. We want the LLC to own the property to reduce personal liability. What are our options?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Sep 27, 2007, 08:01 PM
    You will need to refiance in the LLC name, or incorporate and put it all under the corporation. As long as the paper trial ( mortage) goes back to you as a person, then liablity can follow. Their may be some ways around it, but it will require an attorney
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