Asset Protection! Land Trust with LLC as beneficiary
First time investor here, and would like to know if anyone has done this in practice. I have read a lot about the importance of asset protection, specifically with rental properties, and note that most investors advise to purchase property used for passive rental income in an LLC. However, I have also learned that financing is difficult to obtain as an LLC, particularly if the LLC is new. In my reading I came across a suggested strategy in which property is purchased by an individual, therefore qualifying for a conventional mortgage loan, and then transferred to a land trust, with the LLC named as beneficiary; in this way, the due on sale clause is not triggered, and the benefits of both privacy and asset protection can be achieved. Appreciate any opinions/advice on this!