Posted by John Merchant on August 02, 2005 at 09:38:49:
No big problem here and you’d just deed the RE into the corp.
Nowadays most lenders pay little attention to the DOS clauses in their loans so as long as the loans are paid they don’t care who pays them.
You’re still on the notes personally so your liability hasn’t changed or lessened just because you deed to your corp.
There are tax issues of course, such as your transfer tax and income tax so you do need to work this out with help of your accountant so you can minimize the tax.