Q's Transferring a property into a Land Trust, to be held by LLC

[Andrew Steinhaus]

Hello all, 

First timer here. If post is on wrong forum, please direct to correct one! 

I have a SFR on Oahu that I would like to place under my LLC. The property is under VA loan and I do not want to trigger the due on sale clause by changing title holder. I was told that I can place the property in a land trust that would ultimately be held by my LLC. If someone could shed a little light on having done this or how to go about it, please share. Any resources or info is greatly appreciated. Thanks!

Drew

[Olia Fogel]

Hi Andrew,

First you'll create an anonymous land trust (this should be drafted by an attorney) and transfer the property into the land trust. Then you'll make your LLC a beneficiary of the land trust. Not only will a land trust help you avoid triggering the due on sale, but it also helps with transfer taxes and keeping your real estate holdings private.