Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply presented by

User Stats

50
Posts
13
Votes
Tomas Calvino
  • Investor
  • Palm Bay, FL
13
Votes |
50
Posts

How to transfer title to LLC without triggering due-on-sale

Tomas Calvino
  • Investor
  • Palm Bay, FL
Posted

So I know that I need to put my properties under my LLC instead of my personal name. And I hear that when you quitclaim the deed, the mortgage company rarely calls the due on sale clause as long as they are receiving their check. However, I would also have to change the insurance to reflect the LLC as the insured. Since I pay escrow money to the mortgage company and they pay the insurance. Wouldn't they find out the property is under an LLC since they are paying the insurance for an LLC instead of my personal name?

I know they could find out regardless by just looking at the public records, but this way would pretty much serve it on a platter for them wouldn't you think?

Loading replies...