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Updated almost 3 years ago on . Most recent reply

Ivan Aldana's profile image
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Ivan Aldana
  • Member since Oct 6, 2021
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Ivan Aldana's profile image
Ivan Aldana's profile image
Ivan Aldana
  • Member since Oct 6, 2021
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Ivan Aldana
55
Votes |
101
Posts
Starting Out

LLC or personal route?

Ivan Aldana
Posted

When first starting out do you guys get a loan under your personal credit or LLC and if you go personal how do you go about transferring it to the LLC later if there is a due on sale clause?

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Logan McKay Zylstra's profile image
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Logan McKay Zylstra
  • Realtor
  • from Salt Lake City, UT
  • Member since Feb 4, 2020
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Logan McKay Zylstra's profile image
Logan McKay Zylstra's profile image
Logan McKay Zylstra
  • Realtor
  • from Salt Lake City, UT
  • Member since Feb 4, 2020
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
249
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
Replied

I prefer my personal name.

As long as you are current on your payment, it is VERY unlikely that the lender would notice or trigger that due on sale clause.

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