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Updated about 1 year ago on . Most recent reply

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29
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11
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DJ Brooks
11
Votes |
29
Posts

Need help with a subject-to land trust or LLC

DJ Brooks
Posted

Hello everyone! I am in escrow for a subject-to deal that I will be using as my primary home. I only know the basics when it comes to creative finance. I am worried about the due on sale clause as most people are who are purchasing a subto property. I need advice. I've heard a trust is the best way to structure it. But someone mentioned an LLC would be better. What are your thoughts? I also need referrals for attorneys who can help me with this on the fly! And not too expensive haha. I'm in the Tampa area. Thanks!!

Most Popular Reply

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606
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411
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Randy Rodenhouse
  • Investor
  • Charleston, SC
411
Votes |
606
Posts
Randy Rodenhouse
  • Investor
  • Charleston, SC
Replied

Probably best to buy the property in the trust where your LLC is the beneficiary of that trust. That gives you an anonymity
and asset protection at the same time. It also helps you with due on sale clause since the lender will see it was put into a trust for estate planning purposes.  

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