Help with 16 units and Wrap Around Mortgage
I seeking to acquire a 16 unit apartment complex. The seller is willing to do a Wrap Around Mortgage. Knowing that this can trigger due on sale, would it still be advisable to the the Wrap? I plan on rehabbing the property and refi within a year.
The property is held in a living trust, could I add my LLC as a beneficiary to the trust as to not trigger due on sale?
Property is in CA, I have an agent but would I need an attorney to review the transaction?