transferring propoerty into LLC without affecting mortgage

[Ron Czecholinski]

I am converting a property that I have a personal mortgage on into a rental property. I would like to put it into an LLC and bring a partner in who would share equity through the LLC. I am looking for input on the best way to structure this without triggering the due on sale clause in the mortgage.

[Account Closed]

Leave it in your personal name and draw up agreement with your partner. And the lender does have the right to call the note due if you try to hide it behind an LLC.

Joe Gore