Land Trusts, LLCs, and when to create...

[Rashaun Davis]

Hello,

I am currently pursuing my first rental property and I have a few questions. I have read many posts, books and listened to podcasts. Since this will be my first rental property purchase, is it best to have an LLC created prior to purchasing or is this something to consider down the road? Also, I have read that land trust, in conjunction with LLCs as beneficiaries, are a great tool for asset protection and anonymity. My question is how does this method affect the "Due on Sale" clause that lenders may call on when transferring title? Since I will be using financing to fund the deal, I have read that placing the title in an LLC's name will be tough or nearly impossible. Any help is greatly appreciated! Thanks.