I started investing in SFH rental properties 5 years ago and have accumulated 5 properties, all in Wisconsin. All five properties are held in a living trust. I’m looking to shield myself against any potential liability. I would like to transfer the properties into an LLC (prefer series LLCs but Wisconsin does not do this), problem is that if I transfer title, my bank will call-in the mortgages (all are fannie mae). I’m looking for away around this without having to refinance, I have pretty low interest rate that hate to lose. Is there any way I can move the properties into a LLC with losing the mortgages? If not, are Land Trusts a possible way?
Any advice would be appreciated.