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Updated over 5 years ago on . Most recent reply

User Stats

38
Posts
7
Votes
Anson Lau
  • Sugar Land, TX
7
Votes |
38
Posts

Due on sale clause worth the risk?

Anson Lau
  • Sugar Land, TX
Posted

Currently have 10 properties that are under my personal name and in a conventional loan, SunTrust and Plaza Mortgage banks. It’s time I add some sort of asset protection to my portfolio.

I want to deed them over to a Series LLC, is it worth the risk since there is a due on sale clause?

I read somewhere that I could deed them over to a land trust, and the trust is held by an LLC. Not sure if this is overkill since my properties are worth $100-$150K per house.

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