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Updated 11 months ago,
Loan products and LLCs.
My wife and I are looking to invest in our first short term rental and I would like to set up an LLC for legal protection. I was considering using a second home/vacation home loan to finance the property and I would like to know how this would work in conjunction with an LLC. I am assuming that this type of loan cannot be given to an LLC but I am not sure. If I were to purchase a property with a vacation home loan would I be able to move it to the LLC without triggering the due-on-sale clause? I hope this question makes sense, I am just trying to figure out how to line up financing and legal protection at the same time. Thanks!