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Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
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109
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Can I transfer a house I own to an LLC?

Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
Posted Dec 6 2019, 06:01

I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I have mortgages on them, and since most mortgages have the due on sale/transfer clause, I'm wondering will they actually exercise that clause if I transfer the properties to my LLC?

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