Land Trust ... LLC..Umbrella Policy

[Ed Moran]

Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing. I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause. Speaking with my lender/broker he mentioned that I should transfer title in a land trust before I purchase in my name. I would appreciate some guidance on what has worked for folks since I'm getting some elaborate and VERY costly asset protection structures - I don't need a Ferrari just a Ford. My main objective in order of importance is 1.) Cost 2.) Tax Shelter 3.) Asset protection (vs renters/liability) 4.) privacy. Not to much to ask for right?

1.) Should I set up an LLC as the beneficiary? Pro and Cons here?

2.) What are the tax benefits and implications of setting up a Trust/LLC structure?

3.) Wouldn't it be easier to just set up a Trust and Umbrella Policy (vs Trust/LLC)?