Switch title to LLC - trigger due on sale clause?
How do you guys put your property in an LLC? All of the lenders talk to say that I cannot put the title of the property in an LLC because that would make their loans non-sellable to third parties. One option is to go to a smaller bank that keeps their loans in-house and another option is to put it in my own name and then try to get the title company to quit claim it into my LLC... Is this the only way? Seems risky to give the bank the option to call the loan just because I switch the title to my LLC. Am I missing something?