LLC and Property Title and Due on Sale Clause
I understand you want to put a piece of rental property into an LLC for personal asset and liability protection, BUT how do you do that without triggering the "Due on Sale or Transfer" Clause if you still have a mortgage on it? Do you have to pay off the property first and then do that? And ALSO if you did transfer the property out of your name would you still be able to borrow against the equity in it? Thank you for your insights.