Another LLC question - Is an LLC really necessary?

[AJ Brown]

Hey all,

I know there are a ton of LLCs posts on BP but I have another one and it won't be my last :)
I have a couple of properties in which both the loan and title are in my name. I started to collect rent through an LLC I opened through L-Zoom but after doing so I kept saying to myself what's the point.
I say this because the loans are in my name. I can't transfer them without trigger a due sale clause so technically the LLC can't own them. For liability protection, I added an umbrella policy. I also don't see any difference in the tax benefits.

I hope I'm not sounding like a newb/dummy/jerky poster, I'm just trying to get an understanding of the pros & cons.
(I will say it is a lot easier to manage my finances through the LLC)

Thanks!
AJ

[Mike S.]

You could transfer your property to your LLC without triggering the due on sale clause by using a Land Trust.

Transfer the property to the Land Trust where you will be the beneficiary. Then assign your beneficial interest to the LLC later on.