Updated almost 7 years ago on . Most recent reply
Move my rental property into an LLC
I have two condos that are currently rented and they're both in my name. I'd like to move them into LLCs, but am concerned about the due-on-sale clause. Many people I've spoken with say it's not a big deal and the bank won't call the note, but I still have concerns. Another option is to get an umbrella policy, but this wouldn't provide the same level of protection. Should I be concerned with the due on sale clause?