Buy & Hold in LLC Question

[Kurt R.]

Hi everyone, I've got a newbie question hopefully you can help me with. My father and I have partnered and created an LLC to begin buying and holding rental properties. My question comes around getting the property into the LLC. My mortgage guy has told me we need to buy the property in our personal name and then transfer to the LLC. As a new LLC with no credit or assets, it's nearly impossible to purchase the property directly in the LLC.

First, is this accurate?  Second, should we worry about the transfer triggering the due-on-sale clause?  Third, is there any other way to do this?  I have to think this is fairly common.  Also, I'm not sure if it varies by state but we're looking to buy very soon in NJ.