Investment Property and Property Title question

[Oscar Guzman]

Hi, I am under contract for my first real estate investment property (Single family home) and for the last couple of weeks I have been trying to figure out how to obtain financing with a lender that will provide lending for the investment property under my name while allowing me to close with the title of the property under an LLC. Is this something that can be done?

Also, If a lender does not allow it, is it possible to transfer the title of the property from me to the LLC after closing? I heard about the "Due on sale" clause, so I am a bit worried about falling into that situation, although I keep hearing that lenders do not really enforce this.

Otherwise what are my options to get the title of a property in an LLC in order to gain the liability protection?

Oscar

[Nathan Gesner]

Quote from @Oscar Guzman:

The "due on sale" clause exists on every mortgage, but I have never found an investor that triggered one by transferring to an LLC. I've been on these forums for 12 years and it's just not reality. Just call your lender and explain what you want to do. You'll see they'll be fine with it.