Experience Transferring Title to LLC

[Snehann Kapnadak]

Hi All,

Like many new investors, I'm in the position where I've purchased a property and need to know whether to put it in an LLC or not. I have a standard insurance policy, but would like more protection should something bad happen. I also want the tax benefits of owning an LLC, but don't want to violate the due on sale clause. I know that this typically does not happen, as it's usually in the bank's best option to have you continue to pay the loan vs. calling it due and risk the borrower defaulting. However, I have also read threads on here where people HAVE had their loans called due...and it certainly doesn't sound pretty!

Any advice would be much appreciated. Thanks!