Due on sale clause &

[Jordan Jaramillo]

How do I transfer my triplex into an LLC without triggering due on sale clause?

[Russell Brazil]

Most people dont trigger it because they never get a new insurance policy reflecting the new ownership of the property. The people who do get a new policy to properly insure the property, are the ones who trigger the due on sale clause.

So keep in mind, all those people not triggering it, essentially have a property typically that is not properly insured. In an attempt to limit their liability with an LLC, most of them are doing the complete opposite and greatly increasing their liability by not having their property properly insured, and they have no idea that is the case.