1) Tell bank/lender? 2) Buy under LLC?

[Alex Wasilchuk]

1) When looking for a loan, is it wise to not inform the lender that the loan would be for an investment property? Instead, say it would be for a "vacation" home?

2) As a first time investor, the Due on Sale clause is a big concern. Is it better (or even possible) to establish an LLC and then buy the property? Or have the property under my name for the time being? I would prefer protect myself and not have my assets at risk.

Thank you for any feedback!