Financing under mortgage then changing title to LLC help.

[Sherri Behrendt]

Hello Bigger Pockets Forum, 

I just bought my first lake house for Airbnb and personal use in Clear Lake, Iowa. We intend to pay cash to get the deal and then finance to free up cash to reinvest in other properties. We have an LLC for this property and my long-time bank understands what I am wanting to do to lock in 30 year fixed instead of 20-year business with ARM. My lawyer said to ask the bank if they will not exercise the due on sale clause to transfer to our LLC after closing in our personal name? Bank says they can't take that out or can't sell on the secondary market.

Any suggestions on how to do this without issues? I will increase our insurance umbrella until I can get it in our LLC name, but if you have any suggestions that help accommodate this process, please advise the best avenue to pursue.

Thank you

Sherri Behrendt, Behr Assets LLC