Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Anyone transferred RE to LLC while still under lender financing?
I understand the whole "due-on-sale" clause and I'm fairly familiar with company formations and how to document a transfer of property. My curiosity is how many of you have successfully transferred your RE property to an LLC without the lender calling your mortgage due? I am wanting do this for both asset protection and tax purposes, but am pretty nervous about the whole lender issue.
Thanks!