Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Janeen Bertolina
  • Real Estate Agent
  • Portage, MI
5
Votes |
18
Posts

How would lender find out if property moved to LLC?

Janeen Bertolina
  • Real Estate Agent
  • Portage, MI
Posted
My mortgaged properties are not in an LLC because I've read that moving them into an LLC could trigger the due on sale clause. So my question is, how would the mortgage company ever find out? Should I only put paid off properties into an LLC? Or all of them, regardless of whether they are mortgaged or not? Thanks for any advice!

Most Popular Reply

User Stats

15
Posts
2
Votes
Gurpy Ont
  • Investor
  • Brampton, ON
2
Votes |
15
Posts
Gurpy Ont
  • Investor
  • Brampton, ON
Replied

Podcast 196 raises an interesting viewpoint on this issue. Bank can proactively check and screw you, when interest rates rise and they want to redeploy the capital. This would be the low hanging fruit.

Loading replies...