Option 2 is a tax event.

	Title	Mortgage	Insurance
Current	LLC	You	LLC
Option 1	LLC	You -> LLC Assumption of Mortgage	LLC
Option 2   (not recommend)	LLC->You   This is a tax event, trigger capital gain and tax reporting.	You	LLC -> You
Option 3	LLC	You	LLC -> You   Can you do this? All mortgage cares is being protected.

 

#2 is problematic because it is a tax event (transfer of control from LLC to A, when LLC is owned by unrelated people).  This triggers capital gain issue.  Because the control of the property is changed, this is  would trigger due-on-sale unless bank allows you to assume the old mortgage as well. 

I would suggest #1, assuming mortgage is not a tax event. 

所有跟帖： 

• Thanks a lot! Is it likely for option 1 to be approved by -紫色风裙- ♀ (67 bytes) () 12/06/2022 postreply 07:41:33

• 他们让你做的，你就做，管他们同意不同意。 -柠檬椰子汁- ♂ (199 bytes) () 12/06/2022 postreply 09:39:26

• 谢谢柠檬。邻居同意。可是给我做贷款的代理认为assumption to LLC是 -紫色风裙- ♀ (162 bytes) () 12/07/2022 postreply 03:21:01