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Updated over 5 years ago,
Due on sale LLC Transfer Potential Workaround
Hey BP!
I have been working on potential strategies and tactics for buying owner occupied and moving to an LLC later down the road. In my research and brainstorming I have run into the issue of the "Due on Sale Clause". Now I might be missing something crucial on the legal side of things, but couldn't I just contract for deed/Sublet the property to my LLC when the time comes and still gain the protection of the LLC while avoiding the DoS clause? As far as everything goes, I would still own 100% of the property until the C4D is fulfilled so I dont see how a bank could call Due on Sale.