Due on sale

[Yusuke Koike]

Hi, 

My name is Leo and I get the very first deal under contract and I will move out the current residence to the new property. I will rent out the current residence and I still owe a mortgage on the property. Generally, does the lender call a due on sale if I transfer the title from my name into my LLC?

Leo

[Chris Seveney]

@Yusuke Koike

No but why are you transferring to your LLc?

It will only increase your costs. People get scared they will get sued and lose everything, can you name a situation where this can occur?

Do you think even if it happened someone will want a mortgage property with little equity?

Keep it in your name and save your $