Updated about 6 years ago on . Most recent reply
Due on sale clause worth the risk?
Currently have 10 properties that are under my personal name and in a conventional loan, SunTrust and Plaza Mortgage banks. It’s time I add some sort of asset protection to my portfolio.
I want to deed them over to a Series LLC, is it worth the risk since there is a due on sale clause?
I read somewhere that I could deed them over to a land trust, and the trust is held by an LLC. Not sure if this is overkill since my properties are worth $100-$150K per house.