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Updated over 2 years ago on . Most recent reply
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Placing House back into LLC
Hello,
So, I have a rental property that I want to place in my LLC however my mortgage has a due at sales clause. Is there a way to place my property in my LLC without triggering a due at sales clause?
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Quote from @Richard Bechtol:
Hi Jay,
There are some other options on moving the property into a structure without triggering the due on sale clause. This could be accomplished by using a Trust so you do not move the property directly into the LLC. I have assisted many investors with this process.
Hello Richard,
What would be the difference in putting a property in a Trust versus directly in an LLC. Also, when putting a property in a Trust would the property have asset protection as it would if it were directly in an LLC?